Tag: utility

DefinitionThe economics of happiness or happiness economics is the quantitative and theoretical study of happiness, positive and negative affect, well-being, quality of life, life...

What is 'Manipulation' Manipulation is the act of artificially inflating or deflating the price of a security. In most cases, manipulation is...

DefinitionThe Academy of Accounting Historians, established in 1973, is a non-profit organization of scholars of accounting history. Academy of Accounting Historians What is...

What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of...

DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic...

What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change...

What is Pareto Improvement Pareto Improvement is defined as a change to a situation which results in one person becoming better off without anyone else...

DefinitionValue engineering is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as...

What is 'Federal Energy Regulatory Commission - FERC' An independent agency responsible for regulating interstate oil and gas pipelines and sales, as...

DefinitionWatered stock is an asset with an artificially-inflated value. The term is most commonly used to refer to a form of securities fraud common...