ECON 1P91 Lecture Notes - Lecture 7: David Lee Roth, Rock–Paper–Scissors, Marginal Utility
14 Feb 2018
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David lee roth - singer of band van halen > bowl of m&ms with brown m&ms taken out > if you can"t satisfy these small things what makes you think they will satisfy everything else. (i. e. , safety measures) Dark knight - joker rigs bomb - each ship has other ships bomb trigger - should they wait till. 12 to get blown up or blow up the other ship before they blow you up. Def- utility is a measure of how much value/satisfaction a particular activity gives you. Jermey bentham **(utilitarianism - the needs of the many outweigh the means of the few) the other is you can"t set a value on life and say 1 is worth less than the other. As you consume more of a good, it gives you less marginal value after a particular point. Definition - a game is a strategic situation that involves the following elements:
