Tags » Marginal Utility

A2 Revision - Marginal Utility Theory

With the A2 exam not far away I thought it appropriate to post something on Marginal Utility. This is usually a multiple-choice question and part of an essay. 497 more words

Micro

Deactivated in Chinatown

Every pay period, I receive a physical paycheck and grumble about the lack of direct deposit.  After snapping a photo through my bank’s app I stuff the check back into the envelope.  229 more words

Oakland

'App'arently Addictive

It’s official. The old saying praising the virtues of the red juicy orb that fell on poor Newton’s head (and added to the woes of high school kids who probably would’ve thought of getting a voodoo doll for the man and sticking pins into it if he weren’t already dead) has now become old news. 1,059 more words

Talent Value Proposition & Compensation Modeling

Introduction

In today’s competitive knowledge-based economy, the capacity and capability of an organization’s talent increasingly determines its success in the marketplace. At the same time, attracting and retaining great talent is becoming more difficult, as demand for highly skilled people outstrips supply. 1,383 more words

Compensation

The Cheeseburger Diet

Link: http://freakonomics.com/podcast/the-cheeseburger-diet-a-new-freakonomics-radio-podcast/

Summary: In response to the infamous documentary Super Size Me, one woman toured her local area in search for the best burger.  Shockingly, she didn’t gain a single pound despite eating two burgers a week.  34 more words

Incentives

Diminishing Marginal Utility

It makes sense.
The more you have, the
less you want (more).

Happiness comes in
diminishing increments.
Choose the steepest slopes.

Poem

Markets value rich people more

Feb 26, JDN 2457811

Competitive markets are optimal at maximizing utility, as long as you value rich people more.

That is literally a theorem in neoclassical economics. 1,580 more words

Core Principles