ordinal utility
1Ordinal utility — theory states that while the utility of a particular good or service cannot be measured using a numerical scale bearing economic meaning in and of itself, pairs of alternative bundles (combinations) of goods can be ordered such that one is… …
2ordinal utility — (Economics) utility that can be measured quantitatively (and not numerically) …
3Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism …
4utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …
5Cardinal utility — In economics, cardinal utility is a theory of utility under which the utility (roughly, satisfaction) gained from a particular good or service can be measured and that the magnitude of the measurement is meaningful. Under cardinal utility theory …
6Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …
7Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …
8Quasilinear utility — In economics and consumer theory, quasilinear utility functions are linear in one argument, generally the numeraire. Formally, for example, such a utility function could be written U(x,y) = u(x) + by, where b is a positive constant. Then if u… …
9Полезность — UTILITY 1. Удовлетворение или удовольствие, которое получает человек от потребления товара или услуги. Полезность категория субъективная: то, что полезно для одного человека, может быть абсолютно бесполезно для другого. По этой причине полезность …
10Функция полезности — UTILITY FUNCTION Зависимость, отражающая количество товаров и услуг, потребляемых человеком: где Ut совокупная полезность, х1, х2 ... хn потребляемые продукты. Чтобы достичь потребительского равновесия (см. Consumer equilibrium), человек… …
