Professional Documents
Culture Documents
Lecture Notes
Consumption Choices
I. Consumption Possibilities
A Consumer’s Budget Line
Preferences
Total utility
Total utility
Marginal utility
Marginal utility
Consumer Equilibrium
A Spreadsheet Solution
Choosing at the Margin
marginal utility per dollar
Revealing Preference
A Change in Demand
A Rise in Income
Paradox of Value
Temperature: An Analogy
Bounded Rationality
Bounded rationality
Bounded Willpower
Bounded will-power
Bounded Self-Interest
Bounded self-interest
Neuroeconomics
Neuroeconomics
Controversy