Intermediate microeconomics : A modern approach
Citations
71 citations
Cites background from "Intermediate microeconomics : A mod..."
...Note that this approach is also that taken by most basic (micro) economic texts (e.g., Mansfield 1975; Asimakopulos 1978; Peterson 1980; Varian 1993)....
[...]
...Varian explicitly defines utility as a description of preferences that are revealed through “choice behavior” (Varian 1993: 54–5), and argues that consumer preferences “are stable over the time period” through which we are likely to observe them making choices (Varian 1993: 118)....
[...]
...…investment, they perhaps have different preferences for risk-taking behavior, and so they can be seen as in fact maximizing their overall utility (which is a function of the expected monetary return on the investment and the thrill or lack thereof they get from the risk) (Varian 1993: ch. 12)....
[...]
70 citations
70 citations
70 citations
69 citations