Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

Most of ECON 302 is about maximizing expected utility/profit and figuring out the welfare implications of this maximization. The exact way in which the maximization is done varies according to the ...

We study utility maximization for power utility random fields with and without intermediate consumption in a general semimartingale model with closed portfolio constraints. We show that any optimal ...