Preferences. Rationality in Economics u Behavioral Postulate: A decisionmaker always chooses its most preferred alternative from its set of available.
Ch3
Tastes/Preferences Indifference Curves. Rationality in Economics u Rationality Behavioral Postulate: “Rational Economic Man” The decision-maker chooses.
Decision Making Under Uncertain and Risky Situations
Research activities
L02
Chapter Three Preferences. u Consumer behavior is best understood in three distinct steps: 1. Consumer Preferences: The first step is to find a practical.
Dynamic Decision Making What do people do?
Chapter Three Preferences. Rationality in Economics u Behavioral Postulate: A decisionmaker always chooses its most preferred alternative from its set.
L03 Utility. Big picture u Behavioral Postulate: A decisionmaker chooses its most preferred alternative from the set of affordable alternatives. u Budget.
