I find something like average times log of total to be far more intuitive than either average or total. Is this kind of utility function discussed much in the literature?
As far as I know, I made it up. But there may be similar ones (and the idea of intermediates between average and total is discussed in the literature).
S is utilitarian, in the sense of maximising a utility function. S is not total utilitarian or average utilitarian, however.
I find something like average times log of total to be far more intuitive than either average or total. Is this kind of utility function discussed much in the literature?
As far as I know, I made it up. But there may be similar ones (and the idea of intermediates between average and total is discussed in the literature).
Ah, thanks!