EconPapers    
Economics at your fingertips  
 

Ordinal Space, Utility, and Consumer Demand: A Clarifying Note

C-Rene Dominique ()

MPRA Paper from University Library of Munich, Germany

Abstract: Concepts such as marginal utility, expected-utility, etc. are severely criticized in some quarters where economists are accused of performing mathematical operations in ordinal spaces. Haplessly, economists’ counterclaims are far from being substantive. This note shows that there exists an order-isomorphism relating preference ordering to a substantive set of real numbers and thus obviates the need for a utility index.

Keywords: Ordinal Spaces; Binary Relation; Poset; Total Pre-ordering; Isomorphisms. (search for similar items in EconPapers)
JEL-codes: D4 D5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-upt
Date: 2016-11-11
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/75030/1/MPRA_paper_75030.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:75030

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Series data maintained by Joachim Winter ().

 
Page updated 2017-08-08
Handle: RePEc:pra:mprapa:75030