disutility


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disutility

the dissatisfaction or pain that an individual encounters in consuming a product or in working. Compare UTILITY.
References in periodicals archive ?
First, the masters offered the incentives only after the execution of the contract because such incentives had the basic purpose of calibrating changes in labor market conditions which occurred after the execution of the contract and also because they needed time to evaluate the individual characteristics of each servant (such as their discount rate and disutility for punishments).
Section III outlines the behavioral model used here to derive estimates of the disutility of waiting time.
This institutional context is such that salaries are balanced by the disutility of employees being in a subordinate position to employers (pp.
This could be because the person gains utility or disutility from work, or because the person does not make a labor-leisure choice (e.
Customer disutility is calculated by adding up the total waiting times and deviation of actual times (pickup and drop-off) from desired times.
The "consumer" of a bad expects a higher marginal disutility from the bad than from giving up the demanded good.
The research ers suspect that the absence of wills "reflects the disutility of making wills (and contemplating death) rather than preferences for the distribution mandated by intestacy law.
t], which captures variations in the disutility of working.
Risk utility assessment, therefore, should not only consider probability occurrences of risks and the objective losses but also consider multiple psychological disutility brought by main body, which includes body's own psychological disutility, the psychological disutility of other associated bodies, and the mutual-behavioral strategic interaction factors.
Disutility is defined as the loss in health-related utility associated with a single health state or disease, and the disutility for MMR (-0.
The disutility of labor term in the period utility function looks nonstandard, but is simply the upper right quadrant of an ellipse that closely approximates the standard CRRA utility of leisure functional form.
At the beginning of a period, the individual knows his assets, retirement benefits, wage, and disutility of work.