MUNDANE UTILITY 

Mundane came originally from the Latin mundus, meaning the quotidian, ordinary and worldly as opposed to spiritual, and has been in use in English since the 15th century.

In sub-cultural and fictional uses, a mundane is a person who does not belong to a particular group, according to the members of that group; the implication is that such persons, lacking imagination, are concerned solely with the mundane: the quotidian and ordinary.

 

In economics, utility is a measure of the satisfaction that a certain person has from a certain state of the world. Over time, the term has been used in at least two different meanings.

The relationship between these two kinds of utility functions is highly controversial among both economists and ethicists.