Maximizing Utility
Indifference curves are a bit technical for introductory
economics, and hence any explanation of them is a bit
technical. Here is an explanation that lets you interact
with a graph:
plaza.mit.edu/econ/index.php?id=16
The exploration of indifference curves begun above
continues, and you can even derive three points on a demand
curve using it:
plaza.mit.edu/econ/index.php?id=17
Here is another high-tech look at deriving a demand curve
from indifference curves:
www.econmodel.com/classic/2goods.htm
Robert Stonebraker explains rational ignorance in this
web-based Joys of Economics: Making Sense out of
Life:
faculty.winthrop.edu/stonebrakerr/book/Rational_Ignorance.htm
John Tierney's article "Appeasing the gods, with
insurance" is too good not to include somewhere:
www.iht.com/articles/2008/05/07/healthscience/06tier.php
Here
is a short summary of what some key starting points of
behavioral economics:
tqe.quaker.org/2007/TQE153-EN-BehavioralEcon.html
Here is a short paper trying to explain why in-kind
transfers are so popular even though economists keep saying
that they are not as good as cash transfers:
www.voxeu.org/index.php?q=node/809
The Concise Encyclopedia of Economics gives a very
short explanation of present value:
www.econlib.org/library/Enc/PresentValue.html
Why do bond prices decrease when interest rates rise? The
Motley Fool explains one of the key relationships that
investors should know:
www.fool.com/foolu/askfoolu/2003/askfoolu030319.htm
These links were checked on July 5, 2008.
 
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Copyright
Robert Schenk
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