utilon

English

Etymology

From util +‎ -on.

Noun

utilon (plural utilons)

1. (economics) A hypothetical unit measuring satisfaction.
   • 2011 November 13, Radovan Garabík, “In support of Keith”, in rec.arts.sf.fandom‎^[1] (Usenet), message-ID <j9o6m2$4kf$1@speranza.aioe.org>:

     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.

   • 2019 June 18, Agustin Lebron, The Laws of Trading: A Trader's Guide to Better Decision-Making for Everyone, Hoboken, New Jersey: John Wiley & Sons, →ISBN, page 63:

     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

• util

Anagrams

• lutino, oilnut, ultion

Esperanto

Noun

utilon

1. accusative of utilo