Description: The utility-based approach is a decision-making method that evaluates options based on their utility values. This approach focuses on maximizing the satisfaction or benefit that can be obtained from a choice, considering the preferences and needs of the decision-maker. Instead of simply opting for the most obvious or popular alternative, the utility-based approach involves a deeper analysis of the consequences of each option. This method is particularly relevant in contexts where decisions must be justified and explained, such as in general decision-making frameworks and automated systems. By providing a logical and quantifiable basis for decisions, the aim is to increase transparency and trust in decision-making processes. The main characteristics of this approach include the evaluation of alternatives, consideration of probabilities, and assignment of utility values to different outcomes. This allows individuals and systems to make more informed decisions aligned with their personal or organizational goals.
