What does utilon mean?
Utilon means (economics) A hypothetical unit measuring satisfaction..
Utilon
Pronunciation varies by accent · noun
Meaning
(economics) A hypothetical unit measuring satisfaction..
Example Sentences
However, you have to realize that you should measure the costs and payoffs in utilons, not in dollars. $1 is almost infinitesimally small (in utilons), while $1M payoff is huge - it is perfectly rational to buy the ticket.
A trader or trading firm having zero wealth, I've already said, should be considered infinitely bad. So therefore assign -∞ utilons to zero wealth. Conversely, infinite wealth should probably have infinity utilons, though large numbers might behave oddly.
Synonyms for utilon
Antonyms for utilon
Related Words
Word Forms
- utilons
Usage Notes
Choose a synonym only when it preserves the intended meaning, tone, and grammar of the full sentence.
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Frequently Asked Questions
What is a synonym for utilon?
Common synonyms include util.
What is the opposite of utilon?
The opposite depends on the specific sense.
How do you use utilon in a sentence?
However, you have to realize that you should measure the costs and payoffs in utilons, not in dollars. $1 is almost infinitesimally small (in utilons), while $1M payoff is huge - it is perfectly rational to buy the ticket.
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.