Any revisions made to this finding aid occurred as part of the editing and encoding process. Machine-readable finding aid encoded by Melanie J. One Physics Ellipse College Park, MD 20740 USA Encoding Information Administrative Information Titleįinding Aid to the Julius Sumner Miller papers, 1948-1967 PublisherĪmerican Institute of Physics Niels Bohr Library & Archives American Institute of Physics, Niels Bohr Library & Archives, College Park, MD 20740, USA. Processing Informationīox, Folder, Julius Sumner Miller papers. This collection is organized into a single series: Organization and Arrangement of Collection Those seeking related materials should search under these terms. International Catalog of Sources for History of Physics and Allied Sciences (ICOS) Researchers must have an approved access application on file in order to access archival materials. A typescript contains Miller's account of his 1962 trip around the world lecturing and visiting significant sites of science history while on sabbatical. The materials document Miller's efforts (1950-1966) to revitalize the study and teaching of physics through demonstration experiments, popular journals, educational games, and television appearances in the United States, Europe, and Australia. On the faculty of Dillard University, 1937-1951 and El Camino College from 1953. The materials document Julius Sumner Miller's efforts to revitalize the study and teaching of physics. Ap12 AM PT Times Staff Writer In his glory days as the wizard of physics on television, in the classroom and in lecture halls, Julius Sumner Miller used to shout, leap and wave. Miller, Julius Sumner, Size of collectionĠ.75 linear feet 1 manuscript box(s) 1 half manuscript box(s) Short description of collection Click "No".1948-1967 Description of Collection RepositoryĪmerican Institute of Physics. Then, you will be asked if you want to add another criterion. Here is the Marginal Utility Function for the above-generated function.Ĭlick Proceed button. You can check the Marginal Utility function, Absolute Risk Aversion, and Relative Risk Aversion from the radio buttons as you can see at the bottom of the panel. Viewing other derivatives of the generated utility function. The preference can be specified from the ribbon as shown here. The lowest payoff will result in the lowest utility value which can be 0, -1, or -100, depending on the preferences as well. The scaling parameters are calculated such that, the maximum payoff will result in the highest utility value which can be 1 or 100, depending on the preference. You may be curious, in the generated utility function, from where these scaling parameters are 0.189 and -0.869 come. Select the "Bernoulli Utility Function" button. As you have checked the box "I want to use a utility function.", you will be presented with a utility function editor. Now, if we plot this expression for various "a" value as "a" = 1, "a" = 10, "a" = 50, "a" =100, we observe a pattern.Ĭlick Proceed. Everyday low prices and free delivery on eligible. We will show how to calculate this constant in this tutorial. Buy Demonstrations in physics by Julius Sumner Miller (ISBN: 9780725400835) from Amazons Book Store. You can fine-tune this value "a" to match someone's net wealth and model his/her utility function. This "a" value can be anything to reflect a specific person's situation. In our expression, we introduced a proportional constant "a". That is the idea of marginal utility of the Bernoulli Utility Function. but, when the net wealth is very low, the extra 1$ gets much more exciting. So, you can understand that the more wealth is gained, the temptation to get an extra 1$ gets diminished. How much excited will you feel? Not sure about everyone, but most rational people will feel the "0" temptation to get that 1$ when the 100,000$ he or she has in his/her pocket. If you get 1$ on top of that your net wealth will be 100,001$. Now, say, you have 100,000$ in your pocket. Say, you have 50$ in your pocket, how much more excited will you feel if you just get 1$ (so your total wealth will be 51$)? hmm, maybe someone will be somewhat excited. So, here, we used the differential operator. This edition doesnt have a description yet. with Professor Julius Sumner Miller 0 Ratings 0 Want to read 0 Currently reading 0 Have read Physics fun and demonstrations. If you are familiar with calculus, then you know that differential operation is the math operation that gives us any expression's rate of change. Physics fun and demonstrations by, 1968, Central Scientific Co. Marginal utility is an expression of how the Utility value changes for each additional unit of gain.
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