She correctly spelled her first word in the finals, "ophelimity". From Wordnik.com. [News Channel 9: Local News] Reference
Neetu Chandak of Seneca Falls, N.Y., spelled the economic term "ophelimity" as if she were asking a question, then exclaimed "Yes!" and raised her arms when told she had spelled the word correctly. From Wordnik.com. [The Full Feed from HuffingtonPost.com] Reference
The result is that choice no longer yields indifference lines and hence cannot be represented by an ophelimity index. From Wordnik.com. [Dictionary of the History of Ideas] Reference
But soon thereafter it was proved that even this stronger axiom does not entail the existence of an ophelimity function. From Wordnik.com. [Dictionary of the History of Ideas] Reference
Unfortunately, even “ophelimity,” the term coined by Vilfredo Pareto to cleanse the terminology of any vernacular overtones, did not prevail. From Wordnik.com. [Dictionary of the History of Ideas] Reference
Today the notion of an ordinal utility dominates consumer theory, the central problem of which is how to derive an ophelimity function from directly observable budget data. From Wordnik.com. [Dictionary of the History of Ideas] Reference
To this transparent definition, Samuelson added only an equally transparent axiom: If a budget reveals that the basket A is preferred to B, no budget can reveal that B is preferred to A. Samuelson claimed that this axiom alone suffices for deriving by integration the indifference varieties and hence for constructing an ophelimity function. From Wordnik.com. [Dictionary of the History of Ideas] Reference
“ophelimity.”. From Wordnik.com. [Dictionary of the History of Ideas] Reference
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