Examlex
Which of the following are the factors for David B.Gleicher's model?
Utility Function
A mathematical model in economics that represents how different quantities of goods or services can provide satisfaction to consumers.
Income
The reward garnered over time, generally in a consistent pattern, from occupational or investment sources.
Expected Utility Function
A concept in economics that predicts the utility or satisfaction a rational individual expects to receive from different outcomes, used in decision making under uncertainty.
Sure Payment
A guaranteed payment, often referring to financial transactions where the payer is obligated to pay a certain amount.
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