Utility Function Explained: Definition, How to Calculate, Examples

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

Demand Function vs. Utility Function

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 ...
JSTOR Daily

Comparing Utility Functions in Efficiency Terms or, What Kind of Utility Functions Do We Want?

This is a preview. Log in through your library . Journal Information The American Economic Review is a general-interest economics journal. Established in 1911, the AER is among the nation's oldest and ...
JSTOR Daily

Expected Subjective Utility: Is the Neumann-Morgenstern Utility the Same as the Neoclassical's?

This is a preview. Log in through your library . Abstract Using axioms no stronger than those for the Neumann-Morgenstern expected utility hypothesis, with the recognition of finite sensibility, it is ...