Linear utility
id:
linear-utility-313-18236778
title:
Linear utility
text:
In economics and consumer theory, a linear utility function is a function of the form: or, in vector form: where: m is the number of different goods in the economy. x → is a vector of size m that represents a bundle. The element x i represents the amount of good i in the bundle. w → is a vector of size m that represents the subjective preferences of the consumer. The element w i represents the relative value that the consumer assigns to good i . If w i = 0 , this means that the consumer thinks t
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Linear_utility
date created:
date modified:
2021-05-07T07:46:26Z
main entity:
{"identifier":"Q22906388","url":"https://www.wikidata.org/entity/Q22906388"}
image:
fields total:
13
integrity:
13