Convex preferences
id:
convex-preferences-269-8989512
title:
Convex preferences
text:
In economics, convex preferences are an individual's ordering of various outcomes, typically with regard to the amounts of various goods consumed, with the property that, roughly speaking, "averages are better than the extremes". The concept roughly corresponds to the concept of diminishing marginal utility without requiring utility functions.
brand slug:
wiki
category slug:
encyclopedia
description:
Concept in economics
original url:
https://en.wikipedia.org/wiki/Convex_preferences
date created:
date modified:
2023-10-05T10:35:19Z
main entity:
{"identifier":"Q4129100","url":"https://www.wikidata.org/entity/Q4129100"}
image:
fields total:
13
integrity:
14