http://www.26econ.com/the-power-of-free/ Online economics Mon, 08 Sep 2008 16:43:01 +0000 http://wordpress.org/?v=2.3.2 http://www.26econ.com/the-power-of-free/#comment-2779 aaron Tue, 05 Feb 2008 12:42:15 +0000 http://www.26econ.com/the-power-of-free/#comment-2779 Gabriel: Yeah, so the preference ordering depends on whether the prices are positive or zero. A zero price for one good changes the preference ordering and thus the utility function. Is that a problem ... ? Gabriel: Yeah, so the preference ordering depends on whether the prices are positive or zero. A zero price for one good changes the preference ordering and thus the utility function. Is that a problem … ?

]]> http://www.26econ.com/the-power-of-free/#comment-2778 Gabriel Tue, 05 Feb 2008 12:07:54 +0000 http://www.26econ.com/the-power-of-free/#comment-2778 Noooo! Don't fall for it! Utility has nothing to do with "psychological boost(s)". It's just a functional representation of a preference ordering. Noooo! Don’t fall for it! Utility has nothing to do with “psychological boost(s)”. It’s just a functional representation of a preference ordering.

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