Do people always try to maximize their utility by bying more goods?

Posted by: shaddamcorrinoIV

2 Total Votes


1 vote
1 comment


1 vote
Leave a comment...
(Maximum 900 words)
lannan13 says2014-07-25T15:18:39.5018876-05:00
Do you mean buying their own stocks?
shaddamcorrinoIV says2014-07-25T16:03:27.6831824-05:00
@Iannan13 no, its a concept in econ that the more goods and services you buy, for example: if you owned 12 videogames, you would always be happier if someone gave you a 13th videogame for free, and if you didn't like the videogame you could sell it to someone and increase your utility that way. I suppose the same could be true for stocks but, I think your talking about something a little different.

Freebase Icon   Portions of this page are reproduced from or are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

By using this site, you agree to our Privacy Policy and our Terms of Use.