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Utility Function Explained: Definition, How to Calculate, Examples

A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of rational choice theory, it helps economists analyze how consumers make decisions to ...
Investopedia

Utility in Economics Explained: Types and Measurement

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...
Investopedia

Marginal Utility & Indifference Curves: Key Insights in Microeconomics

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...
Harvard Business School

Ordinal Independence in Non-Linear Utility Theory

Green, Jerry R., and Bruno Jullien. "Ordinal Independence in Non-Linear Utility Theory." Journal of Risk and Uncertainty 1, no. 4 (December 1988): 355–387.
JSTOR Daily

Das Gesetz des abnehmenden Grenznutzens in der ordinalen Nutzentheorie — eine neue alte Interpretation der Inferiorität / The Law of Diminishing Marginal Utility in Ordinal ...

Mit der Begründung der ordinalen Nutzentheorie durch Pareto war der Begriff des Grenznutzens nicht mehr quantitativ interpretierbar. Lediglich die Grenzrate der Substitution erwies sich den jetzt ...