All agents are assumed to maximize utility on the basis of rational expectations.
He proposed that decision-makers should be understood to act as if they were maximizing utility.
Each worker is doing the type of job that maximizes his/her utility.
It is a quantity of consumption which maximizes utility in the absence budget constraint.
The availability of different products or services to maximize utility or satisfaction will continue to change consumer and social behavior.
Tried to provide a solution to the paradox of private property and maximizing utility.
The authors suggest using probability based methods to maximize utility when uncertainty predominates, but give little detail on how to approach this.
In the final stage, "consumers maximize utility by choosing the optimal product available in the market."
Act utilitarianism not only requires everyone to do what they can to maximize utility but to do so without any favouritism.
Harsanyi argued that a person in the original position would maximize his or her expected utility, rather than choosing minimax.