The utility function measures a consumer’s preference for goods or services in terms of satisfaction. Learn how to calculate it and why it’s important to economists and businesses.

Indirect utility function: A function representing investor satisfaction in terms of wealth, which facilitates advanced asset allocation strategies by encapsulating risk appetite and long-term ...

In econometrics, seminonparametric (SNP) estimators originated in the consumer demand literature. The Fourier flexible form is a well-known example. The idea is to replace the consumer's indirect ...