Cardinal utilityIn economics, a cardinal utility function or scale is a utility index that preserves preference orderings uniquely up to positive affine transformations. Two utility indices are related by an affine transformation if for the value of one index u, occurring at any quantity of the goods bundle being evaluated, the corresponding value of the other index v satisfies a relationship of the form for fixed constants a and b. Thus the utility functions themselves are related by The two indices differ only with respect to scale and origin.
Regular representationIn mathematics, and in particular the theory of group representations, the regular representation of a group G is the linear representation afforded by the group action of G on itself by translation. One distinguishes the left regular representation λ given by left translation and the right regular representation ρ given by the inverse of right translation. Representation theory of finite groups#Left- and right-regular representation For a finite group G, the left regular representation λ (over a field K) is a linear representation on the K-vector space V freely generated by the elements of G, i.
UtilitarianismIn ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for all affected individuals. Although different varieties of utilitarianism admit different characterizations, the basic idea behind all of them is, in some sense, to maximize utility, which is often defined in terms of well-being or related concepts. For instance, Jeremy Bentham, the founder of utilitarianism, described utility as: That property in any object, whereby it tends to produce benefit, advantage, pleasure, good, or happiness .
