Definitions for "Utility function"
A function which relates levels of utility to the attributes of the goods and services associated with these levels. The utility function of an individual is assumed to reflect his/her preferences for the goods consumed.
a curve showing the relation of utility levels to consumption levels
A function that specifies the utility (well being) of a consumer for all combinations goods consumed (and sometimes other considerations). Represents both their welfare and their preferences.
a formal way in which economists describe how the attractiveness of alternative outcomes affects decisions
a function which specifies how much utility a player gets for a particular outcome
an extraordinarily fragile tool when confronted with alternative distributions than the Gaussian Normal
a somewhat primitive way of structuring the congnitive process of making value comparisons in a market context
Computer programs, dedicated to one particular task, that are helpful in using the computer. For example, FDISK, for setting up partitions on the fixed disk.
uncollected funds Uncollectible account
Volume deleted Weekend effect
a subjective measurement that expresses the relative value of different package by using a numerical scale