# Tag Info

Accepted

### Average Discounted Payoffs in Continuous Time

The $r$, or rather $\frac{1}{1/r}$, is the "average" part of the average discounted payoff. As you note, $\mathrm e^{-rs}$ is the discount factor. Observe that \int_0^\infty ...
• 14.4k

### Euclidean spaces,vector spaces,metric spaces,commodity spaces,Cartesian spaces

Of all the types of structures or spaces you mention, vector space $\mathcal{V}$ is the simplest type of structure. Other structures are constructed from this: A real vector space with an inner ...
• 150

• 76
Accepted

### Do practicing economists actually use complex mathematics, or is it just a thinking tool?

Do practicing economists actually use complex mathematics? I think by "practicing economists" you actually refer to those who work outside academia with "Economist" as part of ...
• 14.4k
1 vote

### Why are production functions linear in technology?

It is important to note that technology is an abstract concept and cannot be measured in concrete units, but simply with a positive scalar magnitude (the greater the technical development, the greater ...
• 150

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