Slide 1 1. How consumers choose to spend their income on goods and services 2. Why consumers make choices by maximizing utility, a measure of satisfaction from consumption…
Slide 1 Welfare economics Outline Expressing changes in human well-being (utility) in monetary terms Deciding between monetary measures that are equally theoretically sound…
The Rational, Risk Averse Investor Chapter 3: The Decision Usefulness Approach to Financial Reporting Francis Moniz, Catherine Koene, Josh Proksch, James Wells, Pamela Feldkamp,…
Opportunity Cost and Decisions The utility of a consumer is a measure of the satisfaction the consumer derives from consumption of goods and services. An individual’s consumption…
The Study of Economics 1. How consumers choose to spend their income on goods and services 2. Why consumers make choices by maximizing utility, a measure of satisfaction…
Coevolution of Cooperative Strategies under Egoism Coevolution of Cooperative Strategies under Egoism Speaker: Ta-Chun Lien References Outline Game Theory Review Motivation…
Ethical Theories Unit 9 Ethical Awareness What Are Ethical Theories? - Explain what makes an action right or wrong - Have an overview of major ethical theories. - Knowing…
DEFAULT PENALTY AS A DISCIPLINARY AND SELECTION MECHANISM IN PRESENCE OF MULTIPLE EQUILIBRIA Shyam Sunder (From the joint work of Juergen Huber, Martin Shubik and Shyam Sunder)…
Valuing the environment Required reading: Perman et al (2nd edition) Chapter 14 Markandya, A. “The value of the environment: a state of the art survey” Hanley, N. and…