Sentence examples for maximization of utility from inspiring English sources

To be able to discuss it in polite company, economists renamed it "maximization of utility," and built a theory of the world that everyone benefits when we seek to maximize our own individual welfare.

And to the extent that they're concerned with the distribution of utility across members in a society, what they're interested in is the maximization of utility from that moment onwards.

The maximization of utility produces their reaction function(s).

However, maximization of utility (17) with respect to this new constraint does not change the optimization condition (19).

The maximization of utility required that the jurist cast a "censorial" eye on existing practices to test their capacity to enhance the greatest happiness.

For the idea of zero emissions and the maximization of utility in resource, the methane gas can be collected for recycling and generating economic effects.

Since it simplifies matters to apply the same rule of choice to all decisions this is a highly attractive idea, so long as one can accept that it is always safe to assume that that the maximization of expected utility leads over time to maximizing actual utility.

For delay-tolerant non-real-time users, the maximization of their utility corresponds to their desired goodput maximization, and as a result, the corresponding utility is suitable for reflecting their desired throughput maximization at the system's resource allocation optimization problem.

The world would be a much better place if it achieved a state wherein the axioms of economics maximization of expected utility were valid.

We consider simulation-based methods for exploration and maximization of expected utility in sequential decision problems.

This uncertainty may trigger people to apply decision-making mechanisms other than the maximization of expected utility.