View Proposal #368
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ID | 368 |
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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 |