A new study reveals that the intense drive to maximize happiness is not a universal human motivation. Instead, findings from ...

Let me give you an example of time maximization. Randy Boll, like most people, didn’t have enough time in the day to get it all done. Randy was already one of the top 10 producers at his firm, and he ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Boyle is an experienced financial professional with more than 10 years working with ...

In capitalist economies, the primary goal of for-profit companies is to maximize their profits. This doesn't mean that companies focus on profits at the expense of everything else, though. Instead, ...

Every week, it seems, there’s a new financial website with just the right solution for managing your money. “We’ll bucket you.” “We’ll goal you.” “We’ll de-tax you.” “We’ll balance you.” “We’ll ...

Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Sales are the first step toward profits. Without sales, there are no profits. Profit is also called income, net profits and net income. Sales are also called revenues and result from products and ...

Stephen Bainbridge, the William D. Warren distinguished professor of law at U.C.L.A. School of Law, is the author, most recently, of "Corporate Governance After the Financial Crisis." Updated April 16 ...

Probabilistic models, such as hidden Markov models or Bayesian networks, are commonly used to model biological data. Much of their popularity can be attributed to the existence of efficient and robust ...