Sentence examples for maximise utility from inspiring English sources

We tend to see ourselves as rational economic agents who seek to maximise "utility", or general satisfaction and benefit.

Policy choices have been made to organise the world in the way that it is because that is deemed the way to maximise utility.

Doctors who accepted a contract choose the level of effort e zi to maximise utility.

We illustrate the basic economic forces at work in a simple static model where individuals maximise utility over consumption (( c )) and leisure (( l )).

Mill's abstract utility principle becomes conservative in operation, through his emphasis on the malleability and educability of character; our preferences, desires, and tastes arise from existing institutions, and so any abstract institutional blueprint fails to maximise utility.

For example, rule utilitarianism was criticized for implying that in some cases an individual should pursue a course of action that would obviously not maximise utility.

Maximising utility in the short term leads to too few savings and insufficient investment.

Whether Aunt Harriet maximises utility, or BP maximises profits, is not relevant.Indeed, Milton Friedman famously argued that the assumptions of any useful theory must be "unrealistic".

The Evidence-Based Policy movement [1 5] has grown enormously, and mainly all public administrations are now focused on maximising utility and show a pragmatic problem-solving approach to socio-economical issues [6].

We say that the function \ u\) represents the preference \ \preceq\) between the options in \(S\) just in case: Another way to put this is that, when the above holds, the preference relation can be represented as maximising utility, since it always favours the option with highest utility.

He then considers utilitarian critics of Singer, who argue that meat-eating maximises utility, even when animal interests are taken into account.