I understand what 'utility' mean in economics.
While reading "Choices, Values, and Frames" by Daniel Kahneman I encountered above usage. I guess it means 'what utility is attributed to'. Google showed that this usage is common in economics literature, but I couldn't find a definition or an explanation.
What is the definition, if there is one? And if not, how best to interpret this phrase?
(Edit) Examples: From above book (p-xii):
- The proposition that the carriers of utility are states of wealth is accepted as a matter of course in economic analyses and in the prescriptions of decision analysis.
- The idea that the effective carriers of utility are gains and losses was not now.
In "Decision, Probability and Utility: Selected Readings" by Peter Gärdenfors and Nils-Eric Sahlin:
- As regards the conceptualization of utility, a fundamental question is what kids of entities can be assigned utilities. Or in other words, what are the carriers of utility? ...