This paper models the demand for assets and liabilities by a life insurers. As one step toward the implementation of a utility-dependent portfolio methodology, the paper empirically estimates a family ...

A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of rational choice theory, it helps economists analyze how consumers make decisions to ...

Google Doodle Quadratic Equation trends today! Learn the math, formulas, and applications. Check Google Doodle today for ...

Empirical models of spatial voting allow legislators' locations in a policy or ideological space to be inferred from their roll-call votes. These are typically random utility models where the features ...

All quadratic functions have the same type of curved graphs with a line of symmetry. The graph of the quadratic function \(y = ax^2 + bx + c \) has a minimum turning point when \(a \textgreater 0 \) ...