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'
Parallel projection Parallel projection A parallel projection is a projection of an object in three-dimensional space onto a fixed plane, known as the "projection plane" or "image plane", where the "rays", known as "lines of sight" or "projection lines", are parallel to each other. It is a basic tool in descriptive geometry. The projection is called "orthographic" if the rays are perpendicular (orthogonal) to the image plane, and "oblique" or "skew" if they are not. A parallel projection is a particular case of "projection" in mathematics and "graphical projection" in technical drawing. Parallel projections can be seen as the limit of a