In the theory of fair division, the price of fairness (POF) is the ratio of the largest economic welfare attainable by a division to the economic welfare attained by a fair division. The POF is a quantitative measure of the loss of welfare that society has to take in order to guarantee fairness. In general, the POF is defined by the following formula: The exact price varies greatly based on the kind of division, the kind of fairness and the kind of social welfare we are interested in. The most well-studied type of social welfare is utilitarian social welfare, defined as the sum of the (normalized) utilities of all agents. Another type is egalitarian social welfare, defined as the minimum (normalized) utility per agent. (Wikipedia).
Ex: Find the Sale Tax Percentage
This video explains how to determine the sales tax percent given the amount paid and the sale price. Search Complete Library at http://www.mathispower4u.wordpress.com
From playlist Percent Applications
Ex: Find the Percent of an Amount - Sale Tax
This video explains how to solve a percent problem by determining the percent of a number. http://mathispower4u.com
From playlist Percent Applications
This is a very short math tutorial on how to solve percent questions that involve discounts. Duane Habecker
From playlist All about percents
#52. After 17% Price Reduction a Boat Sold for $27,390. What was the Original Price?
Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys #52. After 17% Price Reduction a Boat Sold for $27,390. What was the Original Price?
From playlist College Algebra Final Exam Review
Percentage Change (3 of 4: Combining Increase & Decrease)
More resources available at www.misterwootube.com
From playlist Fractions, Decimals and Percentages
From playlist Courses and Series
This video explains how to determine percent of change. http://mathispower4u.yolasite.com/
From playlist Percentages
From playlist Personal Finance
Pricing Financial Futures (Part 1 of 2)
These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle Pricing Futures: When the deli
From playlist Class 1 Futures & Forwards
Interpreting futures fair value in the premarket | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/forward-futures-contracts/v/interpretting-futures-fair-value-in-the-premarket How to interpret the market p
From playlist Options, swaps, futures, MBSs, CDOs, and other derivatives | Finance and Capital Markets | Khan Academy
22. Stock Index, Oil and Other Futures Markets
Financial Markets (ECON 252) Futures markets have expanded far beyond their initial application to farmer's planting and harvest cycles. These markets now allow investors and traders to set prices for a broad spectrum of assets and for a whole term structure stretching into the distant
From playlist Financial Markets (2008) with Robert Shiller
Regulating Monopolies (Socially Optimal and Fair Return)- Micro Topic 6.4
Here is my 60 second explanation of regulating monopolies. The government can regulate at socially optimal quantity (D = MC) to get them to produce the allocatively efficient output or they can get them to produce at fair return (D=ATC) where they make no economic profit. Please keep in m
From playlist Micro Unit 6: Market Failure and the Government
Pricing Options - Revision Lecture
These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle
From playlist Revision Lectures
Markets for Centralized Allocation Problems - F. Echenique - 1/31/2020
"Markets for Centralized Allocation Problems: Fairness, Efficiency, and Property Rights" Federico Echenique, Allen and Lenabelle Davis Professor of Economics, Caltech Abstract: Economists study naturally occurring markets and their welfare properties, but it is also possible to create art
From playlist HSS Caltech + Finance 2020
21. Fare Policy, Structure, and Technology
MIT 1.258J Public Transportation Systems, Spring 2017 Instructor: Gabriel Sanchez-Martinez View the complete course: https://ocw.mit.edu/1-258JS17 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62AU7iNniqVoMl8C64tIOVk This lecture discussed the objectives of fare polic
From playlist MIT 1.258J Public Transportation Systems, Spring 2017
Financial Options Pricing History. How do Investors Price Options?
Financial Options Pricing History. Today we will learn How do Investors Price Options? These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patri
From playlist Class 2: An Introduction to Options
Futures fair value in the pre-market | Finance & Capital Markets | Khan Academy
Courses on Khan Academy are always 100% free. Start practicing—and saving your progress—now: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/forward-futures-contracts/v/futures-fair-value-in-the-pre-market What is the Futures Fair Value and how to
From playlist Options, swaps, futures, MBSs, CDOs, and other derivatives | Finance and Capital Markets | Khan Academy
Example 2: Determine a Percent of Change (increase)
This video determine a percent of increase from 3200 to 3400. Complete Video Library: http://www.mathispower4u.com
From playlist Percent of Change