When working in theoretical finance, it is common to use frameworks from economic theory. A...
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Finance
When working in theoretical finance, it is common to use frameworks from economic theory. A common adjustment is to assume that individuals' preferences are based on one particular good, instead of a diverse array of goods. What one good do we narrow it down to?
Money
Bread
Cheddar
Clams
Money don't have owners, just spenders.
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