Fact checked by Ariel Courage Reviewed by Erika Rasure What Is Utility Function? A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of ...

When a multiattribute utility function is only partially specified by prior preference statements, what can be said about the relative desirability of actual alternatives? This question is addressed ...

This is a preview. Log in through your library . Abstract The non-expected-utility theories of decision under risk have favored the appearance of new notions of increasing risk like monotone ...