Economics, Econometrics and Finance
8 years ago

Optimizing spending for maximum happiness: the key to financial success.

1 view
Lecture notes in economics and mathematical systems
Multiattribute Utility and Derived Utility
John W. Pratt

Paper Summary

An individual's happiness depends on many things like what they buy and how much they spend. Even if they only focus on one thing they buy, they still have to make choices about saving or spending for the future.

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