Saturday, December 22, 2007
Introduction to Utility Maximization
Hello all. As of recent, I have become quite the voracious reader, particularly in, but not limited to, the social sciences. Basically, I will use this blog to share and comment on some of my more interesting findings. To explain the blogs title, in microeconomics "utility" is a measure of the relative satisfaction achieved from the consumption of goods or services. Hence, the utility maximization problem asks: "How should I as a consumer spend my money to maximize my utility?" This led me to my title as we all are seeking utility maximization in some form or another daily. Feel free to contribute and respond to my postings. Thanks.
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