How to Graph a Function in Excel. A mathematical function is a formula that takes an input, x, applies a set of calculations to it, and produces an output called y. By calculating a function at a ...

We present a theoretical account of the origin of the shapes of utility, probability weighting, and temporal discounting functions. In an experimental test of the theory, we systematically change the ...

The utility function can be used to derive the demand function, and both concepts relate to utility maximization.

In cases where the utility function is increasing with upper and lower bounds then the utility function can be characterized by a distribution function, and we can take advantage of the various ...