A note on uncertainty and perception concerning measurable utility

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.

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Year of publication:	2015
Authors:	Qin, Cheng-Zhong ; Shubik, Martin
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 130.2015, C, p. 83-84
Publisher:	Elsevier
Subject:	Measurable utility \| Uncertainty or perception \| Consistency

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Type of publication:	Article
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D89 - Information and Uncertainty. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011263451