Implementation of "Marginalism" in day to day life
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Authors
Shkedy, Elyezer
Subjects
Economics
Marginalism
Decision-making
Marginalism
Decision-making
Advisors
Terasawa, Katsuaki L.
Gates, William R.
Date of Issue
1998-06-01
Date
June 1998
Publisher
Monterey, California. Naval Postgraduate School
Language
en_US
Abstract
Economics, and especially the theory of Marginalism, can be very useful in "day-to-day" life, but for many reasons people do not really use it. This work tries to explain the "economic way of thinking" basically by verbally explaining the main idea, by providing examples from day-to-day life with minimum needed mathematics, and exploring the most important steps in the decision-making process. Hopefully, this work will encourage people to adopt and use the economic way of thinking and, as a result, gain its benefits.
Type
Thesis
Description
Series/Report No
Department
Department of Systems Management
Organization
Naval Postgraduate School
Identifiers
NPS Report Number
Sponsors
Funder
Format
xiv, 59 p.
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
Copyright is reserved by the copyright owner