Sentence examples for individuals utility from inspiring English sources

Nash's solution in a bargaining state is an agreement through which individuals' utility multiplication is optimized.

This research regards social welfare as the overall welfare of society, specified as the summation of the utilities of all the individuals' utility functions in the society [24].

From the individuals' utility maximization, we can obtain c t = ϕ 1 w t H t, (7) z t = ( 1 − ϕ 1 ) w t H t. (8).

Finally, it is important to note that locus of control – and indeed other measures of personality – are not simply proxies for the standard risk, time, and social preferences which economists use to characterize individuals' utility functions.

As for the identification of individuals' utility for travel, Mokhtarian and Salomon [2] described three aspects of utility for travel: "the utility of activities conducted at the destination", "the utility of activities that can be conducted while traveling", and "the utility of activity of traveling itself".

For each policy, they must determine the distribution of goods and services yielded by the policy and at least three other factors: the identity of each person in the distribution (if individuals' utility functions differ); the utility of each person from the goods and services distributed to them; the utility of each person from the policy itself.

Figure 7 Individual utility comparison.

(ii) Obtain individual utility of each user.

Calculate average reciprocal of individual utility,, and minimal user budget,.

For balancing individual utilities, herein the user budget is adjusted based on the individual utility in the equilibrium solution.

However, in the Nash equilibrium model the average difference between maximal individual utility and minimal individual utility is over.