utility theory

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• utility theory — A class of theory concerned with the behaviours, strategies, and mental processes adopted by individuals faced with making a risky choice or decision. Utility is usually taken as the subjective value to the individual of a particular outcome or… …   Big dictionary of business and management

• Utility theory of value — The utility theory of value holds that products and services are worthless unless they are delivered at the time (temporal utility), place (geospatial utility), and in the format (form utility) required or desired by the consumer, at a price… …   Wikipedia

• Theory of value (economics) — Theory of value is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services. Key question in economic theory include why goods and services are priced as they are …   Wikipedia

• Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism …   Wikipedia

• Theory of conjoint measurement — The theory of conjoint measurement (also known as conjoint measurement or additive conjoint measurement) is a general, formal theory of continuous quantity. It was independently discovered by the French economist Gerard Debreu (1960) and by the… …   Wikipedia

• Utility (disambiguation) — Utility is a measure of the happiness or satisfaction gained from a good or service in economics and game theory.Utility may also refer to: * Public utility, an organization that maintains the infrastructure for a public service, or the services… …   Wikipedia

• utility and value — ▪ economics Introduction       in economics, the determination of the prices of goods and services.       The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …   Universalium

• Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …   Wikipedia

• Utility maximization problem — In microeconomics, the utility maximization problem is the problem consumers face: how should I spend my money in order to maximize my utility? Basic setupSuppose their consumption set, or the enumeration of all possible consumption bundles that… …   Wikipedia

• Utility monster — The utility monster is a thought experiment in the study of ethics. It was created by philosopher Robert Nozick in 1974 as a criticism of utilitarianism. In the thought experiment, the idea of a monster is proposed who can turn resources into his …   Wikipedia

• Theory of reasoned action — The theory of reasoned action (TRA), developed by Martin Fishbein and [http://www.people.umass.edu/aizen/ Icek Ajzen] (1975, 1980), derived from previous research that started out as the theory of attitude, which led to the study of attitude and… …   Wikipedia