Without consciously using calculus, we maximize the utility given to us by different options under the particular constraints we fact in life at that time in a maximization process that can be modeled ...

We consider a utility-maximization problem in a general semimartingale financial model, subject to constraints on the number of shares held in each risky asset. These constraints are modeled by ...

In recent attempts at deriving morality from rationality expected utility theory has played a major role. In the most prominent such attempt, Gauthier's Morals by Agreement, a mode of maximizing ...