THE WORDCRAFT DEFINITION DICTIONARY
discounted utility
noun phrase
A framework that weighs the value of future outcomes according to when they occur.
Local English device voice, when available. This is not a recorded dictionary pronunciation.
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Examples in context
The lecturer used discounted utility to compare otherwise similar rewards at different dates.
A seminar uses discounted utility to represent how a fictional reader weighs the value of receiving a desired book at different future dates.
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This entry is part of the vocabulary collection supplied by GlobalRPh. Definitions are concise study meanings. Examples combine original teaching sentences with selected passages adapted from the supplied study notes; their source is labeled beside each example. A word may have additional specialized or historical senses.
Adapted from supplied vocabulary notes. Example written for WordCraft.
Source study sections: 21.
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