Utility Maximization Essays (Examples)
Study Document
Utility Maximization Theory And Economics
Is the Theory of utility maximization Reliable for Rational Consumers to Make Decisions?
The article by Rothman about Johnson’s book focuses on the topic of how most people use … how to quantify the pros or cons of this or that decision. Thus, it is much more difficult to apply the theory of utility maximization, which stipulates that people spend their money trying to maximize the value of every dollar they spend. The reality is that many people … being spent in the Middle East and there is no return on this investment. Thus, his decision is rational and based on value maximization theory.
Should the argument developed in the Rothman article cause us to reject standard microeconomic theories about consumer behaviour? Not at all. Just ……
References
Works Cited
Rothman, Joshua. “The Art of Decision Making.” The New Yorker, 2019.
https://www.newyorker.com/magazine/2019/01/21/the-art-of-decision-making
Study Document
Online Auctions For Fund Raising By Non Profit Organizations
… via smartphones from the convenience of their seats. Mobile auctions open a charity auction to a wider audience, increase competition translating to revenue maximization by World Vision. Undertaking online auctions breaks the geographic barriers and would enable World Vision to extend its auctions to longer periods as ……
References
References
Cachon, G. P., Daniels, K., & Lobel, R. (2015). The Role of Surge Pricing on a Service Platform with Self-Scheduling Capacity. https://ssrn.com/abstract=2698192
Connelly, A., & Winter, M. (2003). Going...Going...Gone!: Successful Auctions for Non-Profit Institutions (Second). Target Funding Group, Inc. All.
Fasli, M., Co, C., & Co, C. (2014). Designing and Implementing E-market Games. Designing and Implementing e-Market Games. January 2005.
Forbes Magazine. (2019). The 100 Largest U.S. Charities. Forbes Magazine. https://doi.org/10.1007/springerreference_75918
Hasker, K., & Sickles, R. (2010). eBay in the Economic Literature: Analysis of an Auction Marketplace. Review of Industrial Organization, 37(1), 3–42. https://doi.org/10.1007/s11151-010-9257-5
Kingston, K. (2015). A Higher Bid: How to Transform Special Event with Strategic Benefit Auctions. John Wiley & Sons, Inc., Hoboken, New Jersey.
Klemperer, P. (2004). Auctions: Theory and Practice. In Princeton University Press. https://doi.org/10.4337/9781839107429.00004
McAfee, P. (2017). The Ideal Auction - Numberphile. YouTube. https://www.youtube.com/watch?v=4kWuxfVbIaU
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