from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A quasi-mathematical technique proposed by 19th-century utilitarian ethical theorists for determining the net amount of happiness, pleasure, or utility resulting from an action, sometimes regarded as a precursor of cost-benefit analysis.
Widely attributed to British philosopher Jeremy Bentham (1748-1832), but apparently used only by his successors. (Wiktionary)
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