Mathematics of Operations Research, Vol. 41, No. 1 (February 2016), pp. 146-173 (28 pages) This paper investigates the problem of maximizing expected terminal utility in a (generically incomplete) ...

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

Several weeks ago, an article ran in Inside Higher Ed about the interest of many graduate students in jobs that don’t include a lot of pressure to publish. Instead many were interested in jobs that ...

This is a preview. Log in through your library . Abstract This paper shows how the problem of predicting traveler behavior may be approached in terms of economic utility theory. A general utility ...