One of the most common uses of a utility function, especially in economics, is the utility of money. The utility function for money is a nonlinear function that is bounded and asymmetric about the origin. These properties can be derived from reasonable assumptions that are generally accepted by economists and decision theorists, especially proponents of […]
Mkts in bear grip; Realty, Metal down over 6%
Markets have completely smashed out in early trade and given up yesterday’s gain. Realty, Metal and Power indices crashed 6-8%. All indices are trading in red. Market breadth is weak; about 882 shares are advancing while 2006 shares declining. Nearly 247 shares are unchanged. All stocks in Sensex and Nifty are in red barring Hero […]