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Meaning of utility function | Babel Free

Noun CEFR B2

Definitions

A mathematical function that assigns a real number to every element of the outcome space in a way that captures the agent's preferences over both simple and compound lotteries.

Equivalents

Čeština užitková funkce
Ελληνικά συνάρτηση χρησιμότητας

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

utility furniture utility graph utility knife utility man utility model utility monster

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