It is often assumed that the measurement of utility attains the status of an ordinal but not of an interval scale. If utility arises from integrating information from different dimensions or attributes and trade-offs are permitted, such utility satisfies either interval scale status or only weak (often very weak) ordering can be attained. If, on the other hand, utility is regarded as determined behavioural from preference orders, it is very difficult to rank the goods without resorting to ratings based on interval scales unless the number of items is small. The combination of these two considerations should lead us to question seriously whether in practice ordinal utility is attainable unless interval scale status is also attainable
We study preferences over lotteries which do not necessarily satisfy completeness. We provide a char...
Recent attempts to measure utility functions or trade-offs have uncovered internal inconsistencies,...
This paper examines the implicit links between models containing ordinal variables and their underly...
Concepts such as marginal utility, expected-utility, etc. are severely criticized in some quarters w...
The claim that modern economic theory can be founded on indifference curves of ordinal utility funct...
This paper introduces a new preference condition that can be used to justify (or criticize) expected...
This paper introduces a new preference condition that can be used to justify (or criticize) expected...
Purpose of the study. Analysis of the literature shows that the ordinal theory of utility is widespr...
The aim of this thesis is to determine the extent of possible compatibility of the theory of margina...
none2Using an ordinal approach to utility, in the spirit of Hicks (1962, 1967a), it is possible to g...
It is widely held that under ordinal utility, utility differences are ill-defined. Allegedly, for th...
By taking sets of utility functions as a primitive description of agents, we define an ordering over ...
We demonstrate that in models where agents have concerns for status the model predictions can drasti...
Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/47968/1/11406_2006_Article_BF02378813.p...
In this paper we distinguish two "dimensions" of the utility concept. The first is the "behavioral" ...
We study preferences over lotteries which do not necessarily satisfy completeness. We provide a char...
Recent attempts to measure utility functions or trade-offs have uncovered internal inconsistencies,...
This paper examines the implicit links between models containing ordinal variables and their underly...
Concepts such as marginal utility, expected-utility, etc. are severely criticized in some quarters w...
The claim that modern economic theory can be founded on indifference curves of ordinal utility funct...
This paper introduces a new preference condition that can be used to justify (or criticize) expected...
This paper introduces a new preference condition that can be used to justify (or criticize) expected...
Purpose of the study. Analysis of the literature shows that the ordinal theory of utility is widespr...
The aim of this thesis is to determine the extent of possible compatibility of the theory of margina...
none2Using an ordinal approach to utility, in the spirit of Hicks (1962, 1967a), it is possible to g...
It is widely held that under ordinal utility, utility differences are ill-defined. Allegedly, for th...
By taking sets of utility functions as a primitive description of agents, we define an ordering over ...
We demonstrate that in models where agents have concerns for status the model predictions can drasti...
Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/47968/1/11406_2006_Article_BF02378813.p...
In this paper we distinguish two "dimensions" of the utility concept. The first is the "behavioral" ...
We study preferences over lotteries which do not necessarily satisfy completeness. We provide a char...
Recent attempts to measure utility functions or trade-offs have uncovered internal inconsistencies,...
This paper examines the implicit links between models containing ordinal variables and their underly...