kasuluse

Kasuluse is a term used in decision theory and welfare economics to denote the practical usefulness of a good, outcome, or policy to an individual or society. It captures not only monetary value but also non-market benefits such as convenience, health impacts, environmental effects, and general satisfaction. In discussions, kasuluse is treated as a utility-like concept that can be compared across options and integrated into evaluative frameworks.

The origin of the term is not standardized in formal textbooks, but it has appeared in cross-disciplinary writings as a neologism derived from the Estonian word kasulikkus, meaning usefulness or utility. As such, kasuluse is often invoked to emphasize non-price valued aspects in evaluation and decision-making.

Measurement and methods for assessing kasuluse vary. It can be examined through multi-criteria decision analysis, revealed preference studies, contingent valuation, or integrated into cost-benefit analyses by applying weights to non-market benefits. Its application is context-dependent and frequently involves normative judgments about which benefits to include and how to weigh them.

Relation to other concepts is a key aspect of kasuluse. It is related to, but distinct from, monetary value and traditional utility, since it foregrounds practicality and real-world impact rather than price signals alone. This can enable richer comparisons and more nuanced policy assessments, but also adds complexity and the potential for subjective bias.

Critics of kasuluse highlight issues of subjectivity, variability across individuals and cultures, and the risk of obscuring equity considerations if used in isolation. Proponents argue that, when applied transparently, kasuluse can improve the relevance of evaluations for concrete outcomes.