Cardinality versus Ordinality: A Suggested Compromise
نویسندگان
چکیده
منابع مشابه
Cardinality versus Ordinality: A Suggested Compromise
By taking sets of utility functions as primitive, we define an ordering over assumptions on utility functions that gauges their measurement requirements. Cardinal and ordinal assumptions constitute two levels of measurability, but other assumptions lie between these extremes. We apply the ordering to explanations of why preferences should be convex. The assumption that utility is concave qualif...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2006
ISSN: 0002-8282
DOI: 10.1257/aer.96.4.1114