Utility

In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least two meanings.

In a normative context, utility refers to a goal or objective that we wish to maximize, i.e., an objective function.

Extends: Utility, [Choice modelling](https://wikipedia.org.ai/Choice modelling), [Concepts in ethics](https://wikipedia.org.ai/Concepts in ethics), Value (ethics)