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 (optics) object off the optical axis of the lens is imaged, where rays pass through the lens at an angle to the axis θ. Rays that pass through the centre of a lens of focal length "f" are focused at a point with distance from the axis. Rays passing through the outer margins of the lens are focused at different points, either further from the axis (positive coma) or closer to the axis (negative coma). In general, a bundle of parallel rays passing through the lens at a fixed distance from the centre of the lens are focused to a ring-shaped