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Keywords: Utility
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Journal Articles
Asian Journal of Economics and Banking (2022) 6 (3): 308–313.
Published: 21 April 2022
... on maximizing the average user utility, leads to unfair solutions, and this eventually hurts the company’s bottom line. Because of this, researchers have proposed complex schemes that explicitly add fairness to the formulation of this problem. But since utilities already describe human preferences...
Journal Articles
Asian Journal of Economics and Banking (2021) 5 (3): 226–233.
Published: 03 September 2021
... Utility National Science Foundation 10.13039/100000001 1623190 HRD-1834620 HRD-2034030 In 1951, Kenneth Arrow proved his famous result – for which he later received a Nobel Prize – that no voting system is perfect; see Arrow (1951) . To be more precise, Arrow tried to find...

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