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Slutsky is principally known for work in deriving the relationships embodied in the Slutsky equation widely used in microeconomic consumer theory for separating the substitution effect and the income effect of a price change on the total quantity of a good demanded following a price change in that good, or in a related good that may have a cross-price effect on the original good quantity.
There are two parts of the Slutsky equation, namely the substitution effect and income effect. In general, the substitution effect is negative. Slutsky derived this formula to explore a consumer's response as the price of a commodity changes. When the price increases, the budget set moves inward, which also causes the quantity demanded to decrease.
In probability theory, Slutsky's theorem extends some properties of algebraic operations on convergent sequences of real numbers to sequences of random variables. [ 1 ] The theorem was named after Eugen Slutsky . [ 2 ]
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A 'kiss cam' camera scans the crowd, and selects a couple, their images being shown on the jumbotron screens in the arena. The kiss cam tradition originated in California in the early 1980s, as a way to fill in the gaps in play in professional baseball games, taking advantage of the possibilities of the then-new giant video screens. [1]
Packing on the PDA! Julianne Hough was photographed kissing Charlie Wilson. Julianne Hough and Brooks Laich: The Way They Were Read article The Dancing With the Stars alum, 33, and the 6-foot-3 ...
The result in the article is not known as Slutsky's Theorem (that is a different result), but rather Slutsky's Lemma. The two results are cited often enough that the distinction should be made. — Preceding unsigned comment added by 98.223.197.174 ( talk ) 16:34, 2 January 2013 (UTC) [ reply ]
Brooke Shields has spoken about how her first kiss was with a 29-year-old actor when she was just 11.. In the new Hulu documentary Pretty Baby: Brooke Shields, the actor, now 57, opens up about ...