David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Theory and Decision 51 (2/4):329-349 (2001)
This paper proposes an exploration of the methodology of utility functions that distinguishes interpretation from representation. While representation univocally assigns numbers to the entities of the domain of utility functions, interpretation relates these entities with empirically observable objects of choice. This allows us to make explicit the standard interpretation of utility functions which assumes that two objects have the same utility if and only if the individual is indifferent among them. We explore the underlying assumptions of such an hypothesis and propose a non-standard interpretation according to which objects of choice have a well-defined utility although individuals may vary in the way they treat these objects in a specific context. We provide examples of such a methodological approach that may explain some reversal of preferences and suggest possible mathematical formulations for further research
|Keywords||Utility representation interpretation preference reversal|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Sacha Bourgeois-Gironde & Raphaël Giraud (2009). Framing Effects as Violations of Extensionality. Theory and Decision 67 (4):385-404.
Similar books and articles
Teddy Seidenfeld, Mark J. Schervish & Joseph B. Kadane (2010). Coherent Choice Functions Under Uncertainty. Synthese 172 (1):157 - 176.
George Wu (1999). Anxiety and Decision Making with Delayed Resolution of Uncertainty. Theory and Decision 46 (2):159-199.
Pradier Pierre-Charles, David Teira & Jallais Sophie (2008). Facts, Norms and Expected Utility Functions. History of the Human Sciences 21 (2):45-62.
Paul Weirich (2010). Utility and Framing. Synthese 176 (1):83 - 103.
Stephen A. Clark (2000). Revealed Preference and Expected Utility. Theory and Decision 49 (2):159-174.
Daniel Osherson (2005). A Note on Concave Utility Functions. Mind and Society 4 (1):85-96.
Paul Weirich (1984). Interpersonal Utility in Principles of Social Choice. Erkenntnis 21 (3):295 - 317.
Martin M. Monti, Simon Grant & Daniel N. Osherson (2005). A Note on Concave Utility Functions. Mind and Society 4 (1):85-96.
Michel Demers (1987). Mean Utility Preserving Increases in Risk for State Dependent Utility Functions. Theory and Decision 23 (2):113-128.
Marc le Menestrel (2001). A Process Approach to the Utility for Gambling. Theory and Decision 50 (3):249-262.
Robert van Rooy (2004). Utility, Informativity and Protocols. Journal of Philosophical Logic 33 (4):389-419.
Ken Binmore (2010). Social Norms or Social Preferences? Mind and Society 9 (2):139-157.
Robert Van Rooy (2004). Utility, Informativity and Protocols. Journal of Philosophical Logic 33 (4):389 - 419.
Added to index2010-09-02
Total downloads7 ( #183,968 of 1,099,024 )
Recent downloads (6 months)4 ( #80,012 of 1,099,024 )
How can I increase my downloads?