Definition of utility function in English:

utility function

noun

Economics

A mathematical function which ranks alternatives according to their utility to an individual.
Example sentencesExamples
- ‘Everyone has different preferences and utility functions.’
- Quantitative analysis of public utility functions has long been abandoned.
- According to this model, individuals have a utility function defined over their own consumption.
- For computational convenience it is assumed that all individuals have the same utility function.
- For example, it would be useful for economists to know how custom would enter the utility function or how it would affect restrictions.

Definition of utility function in US English:

utility function

noun

Economics

A mathematical function which ranks alternatives according to their utility to an individual.
Example sentencesExamples
- For example, it would be useful for economists to know how custom would enter the utility function or how it would affect restrictions.
- ‘Everyone has different preferences and utility functions.’
- According to this model, individuals have a utility function defined over their own consumption.
- For computational convenience it is assumed that all individuals have the same utility function.
- Quantitative analysis of public utility functions has long been abandoned.

单词	utility function
释义	Definition of utility function in English: utility function noun Economics A mathematical function which ranks alternatives according to their utility to an individual. Example sentencesExamples ‘Everyone has different preferences and utility functions.’ Quantitative analysis of public utility functions has long been abandoned. According to this model, individuals have a utility function defined over their own consumption. For computational convenience it is assumed that all individuals have the same utility function. For example, it would be useful for economists to know how custom would enter the utility function or how it would affect restrictions. Definition of utility function in US English: utility function noun Economics A mathematical function which ranks alternatives according to their utility to an individual. Example sentencesExamples For example, it would be useful for economists to know how custom would enter the utility function or how it would affect restrictions. ‘Everyone has different preferences and utility functions.’ According to this model, individuals have a utility function defined over their own consumption. For computational convenience it is assumed that all individuals have the same utility function. Quantitative analysis of public utility functions has long been abandoned.
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