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utility |
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utility (Public service), noun public business, public company, public corporation, public industry utility (Usefulness), noun adequacy, advantage, applicability, avail, benefit, convenience, efficacy, employability, fruitfulness, function, helpfulness, practicality, productiveness, productivity, profit, service, serviceability, suitability, usability, use, value Foreign phrases: Omne magnum exemplum habet aliquid ex iniquo, quod publica utilitate compensatur.Every great example has some unfairness, which is compensated by the public utility. See also: advantage, appliance, behalf, benefit, betterment, expedience, feasibility, function, help, instrument, profit, propriety, tool, use, value, worth How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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This method was designed to provide a simple way to implement the beginnings of Multi--Attribute Utility Theory. Some propose that utility theory and risk choices under conditions of uncertainty provide this unifying theory. Before prospect theory, individual decision behavior was explained and predicted by expected utility theory (Von Neumann & Morgenstern, 1944). |
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