Subjective Utility

Subjective utility is a term that expresses a result or outcome of a situation or experiment that is viewed as positive, or personally satisfying, through an individual's personal judgement. Subjective, in everyday parlance, usually refers to a personal point of view.

An example of this in the business world might be when a manager implements a new business plans and it meets with their personal, individual definition of success rather than the definition of success in their field.

Add flashcard Cite Random

Get the word of the day delivered to your inbox

Subscribe to get our latest content by email.
    We won't send you spam. Unsubscribe at any time.