UTILITY THEORY

By
N., Pam M.S.
-

with regard to making decisions, any normative theory of utility which tries to depict rational or optimal choice behavior.

UTILITY THEORY: "Our next discussion board topic will be centered around the utility theory."

Related Psychology Terms

  1. UTILITY
  2. RATIONAL-ECONOMIC MAN
  3. NONCONFORMITY
  4. SUBJECTIVE-EXPECTED UTILITY (SEU)
  5. OVERDETERMINATION
  6. CAUTIOUS SHIFT
  7. ELIMINATION BY ASPECTS
  8. ORGANISMIC PERSONALITY THEORY
  9. BEHAVIOR THEORY
  10. OPTIMAL FORAGING THEORY
Cite this page: N., Pam M.S., "UTILITY THEORY," in PsychologyDictionary.org, April 29, 2013, https://psychologydictionary.org/utility-theory/ (accessed May 18, 2021).
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