Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Cardinal utility
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
===Marginalism === {{Details|Marginal utility}} *Under cardinal utility theory, the ''sign'' of the marginal utility of a good is the same for all the numerical representations of a particular preference structure. *The ''magnitude'' of the marginal utility is not the same for all cardinal utility indices representing the same specific preference structure. *The ''sign'' of the second [[derivative]] of a differentiable utility function that is cardinal, is the same for all the numerical representations of a particular preference structure. Given that this is usually a negative sign, there is room for a ''law of diminishing marginal utility'' in cardinal utility theory. *The ''magnitude'' of the second derivative of a differentiable utility function is not the same for all cardinal utility indices representing the same specific preference structure.
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)