View Proposal #368
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| ID | 368 |
|---|---|
| First Name | Kenneth |
| Last Name | Driessel |
| Institution | Iowa State University |
| Speaker Category | other |
| Title of Talk | Declining Marginal Utility Is Not Ordinal - an inconsistency in microeconomics. |
| Abstract | Economists like to confine their attention to ordinal properties of utility functions. But, the often-quoted principle of declining marginal utility is not ordinal. This situation seems incongruous/inconsistent. I shall carefully define mathematically the following phrases: "utility function", "declining marginal utility" and "ordinal property" in the setting of microeconomics. I shall then show that declining marginal utility is not ordinal. |
| Subject area(s) | mathematical economics |
| Suitable for undergraduates? | Y |
| Day Preference | SaturdayMild |
| Computer Needed? | N |
| Bringing a laptop? | Y |
| Overhead Needed? | N |
| Software requests | |
| Special Needs | |
| Date Submitted | 09/29/2013 |
| Year | 2013 |