60 564
Assignments Done
97,9%
Successfully Done
In April 2018

Answer to Question #61322 in Finance for Doltsee

Question #61322
What is an expected utility function? What are the important properties that an expected
utility function has?
Expert's answer
The utility function measures satisfaction of a consumer as a function of consumption of real goods, such as food, clothing
Utility function is widely used in analyze human behavior.

Important properties:
1) increasing
2) continuous
3) quasi-concave
etc.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions