Utility

Known as: Util, Utility of consumption, Utility Function 
In economics, utility is a measure of preferences over some set of goods and services. The concept is an important underpinning of rational choice… (More)
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Highly Cited
2006
Highly Cited
2006
SEMIORDERS AND A THEORY OF UTILITY DISCRIMINATION
  • 2006
In the theory of preferences underlying utility theory i t is generally assumed that the indifference relation is transitive, and… (More)
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Highly Cited
2005
Highly Cited
2005
INTERNATIONAL INVESTMENT AND INTERNATIONAL TRADE IN THE PRODUCT CYCLE »
  • RAYMOND VEBNON
  • 2005
Anyone who has sought to understand the shifts in international trade and international investment over the past twenty years has… (More)
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Highly Cited
2004
Highly Cited
2004
Utility functions in autonomic systems
Utility functions provide a natural and advantageous framework for achieving self-optimization in distributed autonomic computing… (More)
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Highly Cited
2001
Highly Cited
2001
Social Utility and Decision Making in Interpersonal Contexts
Three studies examined preferences for outcomes to self and a codisputant. Studies 1 and 2 estimated social utility functions… (More)
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Highly Cited
2001
Highly Cited
2001
MAXIMUM SCORE ESTIMATION OF THE STOCHASTIC UTILITY MODEL OF CHOICE*
This paper introduces a class of robust estimators of the parameters of a stochastic utility function. Existing maximum… (More)
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Highly Cited
1999
Highly Cited
1999
Utility Max-Min: An Application-Oriented Bandwidth Allocation Scheme
In this paper, we consider the use of an application-layer performance measure — the utility — in the context of bandwidth… (More)
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Highly Cited
1999
Highly Cited
1999
Transaction costs and predictability : some utility cost calculations q
We examine the loss in utility for a consumer who ignores any or all of the following: (1) the multi-period nature of the… (More)
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Highly Cited
1998
Highly Cited
1998
Comparison-concave utility and following behaviour in social and economic settings
This paper describes a theory of rational emulation and deviance. It assumes that individuals care about relative position (or… (More)
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Highly Cited
1997
Highly Cited
1997
BACK TO BENTHAM? EXPLORATIONS OF EXPERIENCED UTILITY
Two core meanings of “utility” are distinguished. “Decision utility” is the weight of an outcome in a decision. “Experienced… (More)
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Highly Cited
1987
Highly Cited
1987
Similarity and Decision-making under Risk ( Is There a Utility Theory Resolution to the Allais Paradox ? )
It is argued that the Allais paradox reveals a certain property of the decision scheme we use to determine the preference of one… (More)
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