Sentence examples for measures of utility from inspiring English sources

Moreover, the impact of variation in preferences, which may be due to incompleteness, as well as measurement error, appears to be limited when considering the summary measures of utility arising from a group of individuals.

Where dollars are taken as measures of utility, each bet is fair given the agent's beliefs at the time offered.

The paper reviews the enduring contributions of Jules Dupuit (1804 1866), Chief Engineer for the City of Paris and later Inspector-general of the Corps des Pont et Chaussees, on benefit-cost analysis, and his development of aggregate demand function for the identification of benefit, and consumer and producer surpluses as measures of utility.

From these matrices I estimated, using PAUP, standard measures of utility, defined for the purpose of this study as properties of the matrices measured prior to analysis [19].

The number of variable (V) or parsimony-informative characters (PI) and minimum number of state changes (M) are properties of A which may be more informative measures of utility.

The literature regarding the use of molecular sequence data in phylogenetic inference has often relied upon model-based or qualitative measures of utility, a term which itself has been used ambiguously.

But considerations like bulletproof reliability, a reasonable measure of utility and decent fuel economy have kept sales strong and the audience loyal.

Others, such as dependency smartphone users exhibit "nomophobia" when they happen to find themselves empty-handed are a mempty-handed arey as measure addictiof.

If the marginal utility of money is assumed to be constant for consumers of all income levels and money is accepted as a measure of utility, the consumer surplus can be shown as the shaded area under the consumer demand curve in the figure.

As a measure of utility (U irt in equation 1) it is nowadays common to use answers to questions on life satisfaction (Frey 2008).

In addition, a standard measure of utility (the Health Utilities Index) will be administered to all study subjects to permit calculation of quality-adjusted life-years gained with this regimen.