Tags » Marginal Utility

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.

Poems

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

Resident threatens to fight closure

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LONG-TERM Earlville resident Dave Farkas has vowed to go rogue if Cairns Regional Council succumbs to his neighbours\u2019 pressure to block off his street.“,”link”:”http:\/\/cdn.newsapi.com.au\/link\/d8e0fada3dbfaecdf21abf19b02fefe2″,”paidStatus”:”PREMIUM”,”originalSource”:”The Cairns Post”,”creditedSource”:”Cairns Post”,”subscriptionSummary”:”LONG-TERM Earlville resident Dave Farkas has vowed to go rogue if Cairns Regional Council succumbs to his neighbours\u2019 pressure to block off his street. 4,513 more words

Cairns News And Galleries

Classical Utilitarianism and Distributive Justice

I watched this vid in the excellent video series, Moral Foundations of Politics.

Professor Shapiro seems to misunderstand or misstate (I’ll go with misstate) the concept of… 52 more words

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

Gendernomics: The marginal utility

When it comes to economics, marginal utility a good or service is the added benefit gained from an increase in consumption or loss experienced from a decrease in consumption of a good and service. 1,312 more words

Gendernomics