Search Results
| Search type | Search syntax |
|---|---|
| Tags | [tag] |
| Exact | "words here" |
| Author |
user:1234 user:me (yours) |
| Score |
score:3 (3+) score:0 (none) |
| Answers |
answers:3 (3+) answers:0 (none) isaccepted:yes hasaccepted:no inquestion:1234 |
| Views | views:250 |
| Code | code:"if (foo != bar)" |
| Sections |
title:apples body:"apples oranges" |
| URL | url:"*.example.com" |
| Saves | in:saves |
| Status |
closed:yes duplicate:no migrated:no wiki:no |
| Types |
is:question is:answer |
| Exclude |
-[tag] -apples |
| For more details on advanced search visit our help page | |
Results tagged with utility
Search options not deleted
user 28345
Utility, or usefulness, is the (perceived) ability of something to satisfy needs or wants.
2
votes
1
answer
366
views
Why do many papers not write the actual utility function?
papers write the intertemporal maximisation problem for the household as
\begin{equation}E_{0} \sum_{t=0}^{\infty} \beta^{t} U\left(C_{t}, N_{t}\right)\end{equation}
and then do not write the actual utility … However also in that book there is no explicit utility function.
How is it possible to get the Euler equation or the IS curve without the actual functon? …
- 69