NickJ
  • Member for 6 years, 10 months
  • Last seen more than 3 years ago
Can A Utility Function Take On Negative Values?
7 votes

Here is one possible rigorous definition of a utility function: Let $X$ be a set of alternatives. Let $\succeq$ be a preference relation over those alternatives. $U: X \to \mathbb{R}$ is a utility ...

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How can I draw an edgeworth box with 3 different goods?
4 votes

I assume what you're asking based on your comments is: "How can I visualize indifference curves for 3 goods?" I can think of three options: 1) Use a tool like Matlab, or its open-source equivalent, ...

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Network goods in competitive markets vs. socially optimal network size
3 votes

There are two sorts of network effects a network good might have. It might have consumption externalities (such as with traffic) or it might have positive network externalities (such as with operating ...

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Trading in the presence of priorities
3 votes

If I understand you correctly, all customers prefer economy class to business class (that is, they only care about the lower price). First, the way you've specified the problem, the airline will ...

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How do I find out which form of utility function is being used?
2 votes

I would call this a mean-variance utility function. The agent likes higher mean values, which is the first term, but trades that off against higher variance, which is the second term. If the random ...

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Where can I find County level income data for college graduates?
2 votes

Try looking at the Current Population Survey. Using a tool like DataFerret you can find education (PEEDUCA) and income (HUFAMINC), along with the county code. That gives you the micro data, finding ...

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Tactical voting when the voting rule is unknown
Accepted answer
2 votes

You use the term 'deterministic' several times to refer to Gibbard-Satterhwaite, and a related question might specify preferences over risk for voters, and then ask whether there's a non-deterministic ...

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Why is the social value curve NOT the supply curve shifted downwards?
1 votes

Here is how I interpret your question: "Why when modeling positive externalities do we shift the marginal benefit curve upward instead of shifting the marginal cost curve downward?" Either way of ...

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Available code for computing solutions to matching algorithms?
1 votes

I know this is a bit out of date, but there is a new package available on CRAN now called 'matchingR' which I believe is much faster than the package recommended above. You can install it with ...

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What would be the GDP of Algeria without Oil & Gas?
1 votes

If I interpret your question correctly, you're asking what percentage of Algerian national income is derived from oil and gas extraction. The answer appears to be 30% from the website. I think the ...

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Is money supply affected by the stock market?
0 votes

The short answer to your question is no, stock prices have no direct effect on the total amount of money in an economy, just as the price of apples has no effect on the total amount of money in an ...

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