utility function in a sentence

Examples

1. For any such preference relation, there are many continuous utility functions that represent it.
2. This and only this utility function has the feature of constant relative risk aversion.
3. However, it is possible for preferences not to be representable by a utility function.
4. An additive utility function is characteristic of independent goods.
5. Another very important concept used to understand mental accounting is that of modified utility function.
6. This can be done by deconstructing the utility function.
7. In the field of von Neumann Morgenstern utility function
8. The indirect utility function can be calculated by substituting the demand into the utility function.
9. The indirect utility function can be calculated by substituting the demand into the utility function.
10. Some even question the value of ordinal utility functions.