Primary Readings: DL-Chapter 4; JR-Chapter 3; Varian-Chapter 7 In most economic models, we start with an agent's utility function. The utility function basically maps from bundles that the agent might choose, to the real line. The utility function is quite convenient: it can be maximized and manipulated using mathematical tools. But the question is are we imposing some hidden or desirable assumptions when we take this approach ?prefeent's
Can be continuous Trajectory of a space shuttle Mass density in a cross-section of a brain · Can be discrete dNa base sequence Digital image pixels Can be 1-D,2-D,·N-D For this course: Focus on a single(1-D) independent variable which we call“time