Optimal Utility achievement through the lens of weighted proportion of traditional and satisficing approach

August 14, 2025 Discipline: Economics

Choose a topic/concept that is covered within the course and conduct a literature review of the topic/concept since its inception.
Draft an abridged literature review that describes the evolution of the topic/concept to the present.

Your literature needs to include:

i. Evolved over time,

ii. Shaped future research,

iii. Was applied/used in new ways.

Choose a single current (last two years) paper related to the topic/concept that you find particularly insightful.

i. Provide the citation.

ii. Explain the paper in brief.

iii. Explain why you find the paper so insightful.

Provide a brief reflection on what you found interesting about how knowledge creation evolves through time.

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