Sentence examples for marginal utility with from inspiring English sources

The weights are adaptively controlled by the marginal utility with respect to the current average rates.

We denote marginal utility with respect to good x by u x and assume that this derivative is well defined.

Further, if marginal utility with respect to income is diminishing – as is commonly considered the case – then beyond some high premium level, theory predicts that the supply curve will become very steep.

Our assumption of simple additivity is likely to lead to overestimates of total value relative to the observation in the original study of diminishing marginal utility with respect to duration [ 28].

However, in view of the fact that a medical treatment exhibits a reduction of its marginal utility with increasing exploitation, the economic evaluation of screening procedures is of particular interest.

"Expected-utility theory says risk attitudes derive solely from changes in marginal utility associated with fluctuations in lifetime wealth.

Therefore, the greatest marginal utility coincides with the case in practice.

where w k ≥ 0 is a time-varying scheduling weight assigned to user k and is adaptively controlled by the marginal utility function with respect to the current average rate.

Coding the marginal utility associated with prediction errors would suit both functions well.

Utility usually exhibits a nonlinear relationship to physical reward value that corresponds to risk attitudes and reflects the increasing or decreasing marginal utility obtained with each additional unit of reward.

The model we employed for stated preference values was non-linear with respect to duration of the illness episode, implying diminishing marginal utility for reduced morbidity with respect to duration [ 28].