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 ...

As everybody knows, utility coordination is essential in the success of most state and local highway construction projects. You didn’t know that? OK, so not everybody knows that, and I guess that’s ...

Rationality is usually defined in terms of expected utility maximization. This paper argues for defining it in terms of conditional expected utility maximization by showing this conception's superior ...

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 ...

Elementary economics tells us that a good decision is to maximize utility. Utility refers to how desirable a task or choice is for an individual. Maximizers are people who strive to get the very best ...

RYE BROOK, N.Y.--(BUSINESS WIRE)--Xylem (NYSE:XYL) empowers utilities across the electric, gas and water industries to pave the way for future infrastructure through the adoption of smart technologies ...

Electric utilities have the reputation of being too conservative when it comes to adopting new technology. Changing business drivers, such as increasing demand, electric vehicles (EVs), sustainability ...

If you're an early adopter of solid-state drive technology, odds are you're interested in squeezing every last drop of performance out of your system otherwise you probably wouldn't have spent $300 on ...