utility function

noun

Meaning

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.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

objective function(English)imputation(English)normal form(English)semivalue(English)cooperative game(English)valuation function(English)loss function(English)total function(English)

Descendant words

No descendant words have been linked yet.

Sources

DictionaryAPI.dev English dictionary data

utility function — meaning and etymology | WikiWord