utility function
41Generalized expected utility — The expected utility model developed by John von Neumann and Oskar Morgenstern dominated decision theory from its formulation in 1944 until the late 1970s, not only as a prescriptive, but also as a descriptive model, despite powerful criticism… …
42Exponential utility — In economics exponential utility refers to a specific form of the utility function, used in many contexts because of its convenience when uncertainty is present. Formally, exponential utility is given by::u(c)= e^{ a c},where c is consumption and …
43consumption function — ▪ economics in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future… …
44Quasilinear 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… …
45Electric utility divestiture — The separation of one electric utility function from others through the selling of the management and ownership of the assets related to that function. It is most commonly associated with selling generation assets so they are no longer owned or …
46Marginal 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… …
47Form follows function — is a principle associated with modern architecture and industrial design in the 20th century. The principle is that the shape of a building or object should be primarily based upon its intended function or purpose. Wainwright Building by Louis… …
48OpenGL Utility Toolkit — Developer(s) Mark Kilgard Operating system Cross platform The OpenGL Utility Toolkit (GLUT) is a library of utilities for OpenGL programs, which primarily perform system level I/O with the host operating system. Functions performed include window …
49Rank-dependent expected utility — The rank dependent expected utility model (originally called anticipated utility) is a generalized expected utility model of choice under uncertainty, designed to explain the behaviour observed in the Allais paradox, as well as for the… …
50Discount function — A discount function is used in economic models to describe the weights placed on rewards received at different points in time. For example, if time is discrete and utility is time separable, with the discount function f(t) with c(t) defined as… …
