Convex preferences quasi-concave utility functions, although these are not necessary for the analysis of preferences. Convex preferences In economics, convex preferences are an individual's ordering of various outcomes, typically with regard to the amounts of various goods consumed, with the property that, roughly speaking, "averages are better than the extremes". The concept roughly corresponds to the concept of diminishing marginal utility without requiring utility functions. Comparable to the greater-than-or-equal-to ordering relation formula_1 for real numbers, the notation formula_2 below can be translated as: 'is at least as good as' (in preference satisfaction). Similarly, formula_3 can be translated as 'is strictly better than'
Lens clock clock can be used if a dial thickness gauge is not available. To do this, the contact lens is placed concave side up on a table or other hard surface. The lens clock is then brought down on it such that the center prong contacts the lens as close to its center as possible, and the outer prongs rest on the table. The thickness of the lens is then the sagitta formula_4 in the formula above, and can be calculated from the optical power reading, if the distance between the outer prongs is known. Lens clock A lens clock is