- isoelastic
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/uy'soh i las"tik/, adj. Physics.noting or pertaining to a substance or system exhibiting uniform elasticity throughout.[ISO- + ELASTIC]
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Universalium. 2010.
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Universalium. 2010.
Isoelastic utility — In economics, the isoelastic function for utility, also known as the isoelastic utility function, constant relative risk aversion utility function, or power utility function, is used to express utility in terms of consumption or some other… … Wikipedia
isoelastic — /uy soh i las tik/, adj. Physics. noting or pertaining to a substance or system exhibiting uniform elasticity throughout. [ISO + ELASTIC] … Useful english dictionary
Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism … Wikipedia
Risk aversion — is a concept in psychology, economics, and finance, based on the behavior of humans (especially consumers and investors) while exposed to uncertainty. Risk aversion is the reluctance of a person to accept a bargain with an uncertain payoff rather … Wikipedia
Strain gauge — Typical foil strain gauge. The gauge is far more sensitive to strain in the vertical direction than in the horizontal direction. The markings outside the active area help to align the gauge during installation. A strain gauge (also strain gage)… … Wikipedia
Constant elasticity of substitution — In economics, Constant elasticity of substitution (CES) is a property of some production functions and utility functions. More precisely, it refers to a particular type of aggregator function which combines two or more types of consumption, or… … Wikipedia
Exponential utility — In economics exponential utility refers to a specific form of the utility function, used in many contexts because of its convenience when uncertainty is present. Formally, exponential utility is given by::u(c)= e^{ a c},where c is consumption and … Wikipedia
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