UTILITY THEORY

Abstract

Utility theory is interested in people's preferences or values and with assumptions about a person's preferences that enable them to be represented in numerically useful ways. The first two sections of this paper say more about what utility is, why people are interested in it, and how it is interpreted and used in the management and behavioral sciences. The third section summarizes a number of utility theories: it may be used either as a concluding overview of the range and variety of utility theories or as a bridge to the final sections. The final eight sections comprise a semi-technical survey of particular theories for readers interested in greater depth.

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1967
Accession Number
AD0675346

Entities

People

  • Peter C. Fishburn

Tags

Communities of Interest

  • Human Systems

DTIC Thesaurus Topics

  • Algorithms
  • Behavioral Sciences
  • Commerce
  • Economics
  • Game Theory
  • Information Processing
  • Mathematical Analysis
  • Mathematics
  • Military Research
  • Operations Research
  • Political Science
  • Probability
  • Probability Distributions
  • Psychology
  • Systems Engineering
  • Theorems
  • Two Dimensional

Fields of Study

  • Economics

Readers

  • Rehabilitation and Prosthetic Care for Military Service Members and Veterans with Limb Loss or Disability.
  • Theoretical Analysis.