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aliases: []
title: Utility
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  - authorship/original
  - destiny/permanent
  - status/not-started
  - topic/risk
  - type/encyclopedia-entry
---
# Utility

[Utility](https://en.wikipedia.org/wiki/Utility)
is a measure of a party's satisfaction
with a certain state of the world.

The measure is intended to account for unintuitive quirks of human perception of value.
A rich man is not as satisfied with receiving one dollar as a poor man,
therefore the utility of the dollar is contextual, not objective.