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Cardinal utility. In economics, a cardinal utility function or scale is a utility index that preserves preference orderings uniquely up to positive affine transformations. [1] [2] Two utility indices are related by an affine transformation if for the value of one index u, occurring at any quantity of the goods bundle being evaluated, the ...
East Bay Municipal Utility District (EBMUD), colloquially referred to as "East Bay Mud", is a public utility district which provides water and sewage treatment services for an area of approximately 331 square miles (860 km 2) in the eastern side of the San Francisco Bay.
The expected utility hypothesis is a foundational assumption in mathematical economics concerning decision making under uncertainty. It postulates that rational agents maximize utility, meaning the subjective desirability of their actions. Rational choice theory, a cornerstone of microeconomics, builds this postulate to model aggregate social ...
Utility fog (also referred to as foglets) is a hypothetical collection of tiny nanobots that can replicate a physical structure. ...
The utility cover, also known as the utility cap and eight-pointed cover, is the United States Marine Corps cap, worn with their combat utility uniform. It is an eight-pointed hat, with a visor similar to a baseball cap. [1] It is worn "blocked", that is, creased and peaked, for a sharper appearance. [2] [3] A version is also worn as part of ...
A close-up of an orange utility ball, with grips visible. Utility balls are typically made of polyvinyl chloride or rubber and have a diameter of 8.5 inches (220 mm) and weigh between 11.6 to 13.3 ounces (330 to 380 g). [1] The balls are often made with ribbing for grip and are inflated to 2 pounds per square inch (14 kPa).
The isoelastic utility function is a special case of hyperbolic absolute risk aversion and at the same time is the only class of utility functions with constant relative risk aversion, which is why it is also called the CRRA utility function. In statistics, the same function is called the Box-Cox transformation .
