Fact checked by Ariel Courage Reviewed by Erika Rasure What Is Utility Function? A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In economics, demand is the consumer's ...
https://doi.org/10.2307/2582611 • https://www.jstor.org/stable/2582611 Copy URL This paper introduces a methodology for the assessment of a decision-maker's utility ...
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