Word info

utility function

Noun

Meaning

utility function (plural utility functions)

(game theory) 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.

Source: en.wiktionary.org

Examples

... the true utility function of life, that which is being maximised in the natural world, is DNA survival. But DNA is not floating free; it is locked up in living bodies and it has made the most of the levers of power at its disposal. Richard Dawkins

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