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15:49 Jun 26, 2007
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English to Spanish translations [PRO] Social Sciences - Government / Politics / Democracy and IT
English term or phrase:Utility
Instrumental or substantive rationality is at the core of traditional decision analysis. It is concerned with the process of individual decision-making focusing on the construction of decision attributes and alternatives and the specification of individual preferences. The process leads to the construction of a **utility function** or another scheme allowing for the selection of an optimal (Pareto-optimal) alternative.