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utility maximisation
Definition
Economics
noun
the action of individuals who make choices according to how they perceive the good which the choice will bring to them, especially in cases where the outcome of the choice is uncertain
Nearby Definitions of “utility maximisation”
utility box
Utility Frontier
utility function
Utility Independence
Utility Interdependence
utility maximisation
Utility Maximizing
utility possibility frontier
utility program
utility vent
Utilization
Contexts for “utility maximisation”
1 definition in context
Economics
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