A note on uncertainty and perception concerning measurable utility

Cheng-Zhong Qin and Martin Shubik

University of California at Santa Barbara, Recent Works in Economics from Department of Economics, UC Santa Barbara

Abstract: A linkage to reconcile measurable utility derived from intensity comparisons or from probability mixtures is provided in this note. This brief note is in honor of Lloyd Shapley whose relatively unknown seminal paper on measurable utility from axioms involving the fineness of perception offered a different view on utility measurement.

Keywords: Clinical Research; Measurable utility; Uncertainty or perception; Consistency; Economics (search for similar items in EconPapers)
Date: 2015-05-01
New Economics Papers: this item is included in nep-upt
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Citations: View citations in EconPapers (1)

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Journal Article: A note on uncertainty and perception concerning measurable utility (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:ucsbrw:qt79j931v8

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