Meaning utility theory
What does utility theory mean? Here you find 2 meanings of the word utility theory. You can also add a definition of utility theory yourself
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utility theoryDefinition A theory used in economics that holds the belief that an item or service's utility is a measure of the satisfaction that the consumer will derive from the consumption of that particula [..]
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utility theorywith regard to making decisions, any normative theory of utility which tries to depict rational or optimal choice behavior.
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