It is widely held that under ordinal utility, utility differences are ill-defined. Allegedly, for these to be well … of the traditional binary relations underlying ordinal utility functions. Correlatively, it is also widely held that the … would be, in a nutshell, the hallmark of cardinal utility. While much is obviously true in these two tenets, this note …

Discrete choice models are usually derived from the assumption of random utility maximization. We consider the reverse … the test with the fewest maintaned hypotheses rejects the hypothesis of random utility maximization …