649 B
649 B
id, aliases, title, tags, dg-publish
| id | aliases | title | tags | dg-publish | |||||
|---|---|---|---|---|---|---|---|---|---|
| Utility |
|
true |
Utility
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.