Tuesday, January 13, 2009

Maximizing Utility


In economics, utility is a measure of the relative satisfaction from or desirability of consumption of various goods and services. Given this measure, one may speak meaningfully of increasing or decreasing utility, and thereby explain economic behavior in terms of attempts to increase one's utility. For illustrative purposes, changes in utility are sometimes expressed in units called utils.

Source: wikipedia

What I am looking for in life is precisely to maximize my total utility in terms of happiness, contentment, pleasure and satisfaction and achieve the bliss point.