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Utility
Lesson 6 of 10 • 1 upvotes • 5:07mins
Rakesh Sud
Utility measures the satisfaction people get out of something. We discuss an An Indifference Curve which is defined as the set of all baskets for which the consumer is indifferent. An Indifference Map illustrates the set of indifference curves for a particular consumer
Key Concepts in Accounts
10 lessons • 56m
1
Overview: Key Concepts in Finance
7:09mins
2
Present and Future Value Factors
5:09mins
3
Compounding
5:08mins
4
Growing Income Streams
5:09mins
5
Relationship between Risk and Return
5:10mins
6
Utility
5:07mins
7
Marginal Rate of Substitution
6:56mins
8
St. Petersburg Paradox
6:29mins
9
Betting
5:17mins
10
Price Risk Versus Convenience Risk
5:05mins
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