Economics and Philosophy 7 (2):143-165 (1991)

Abstract
It is commonplace to suppose that the theory of individual rational choice is considerably less problematic than the theory of collective rational choice. In particular, it is often assumed by philosophers, economists, and other social scientists that an individual's choices among outcomes accurately reflect that individual's underlying preferences or values. Further, it is now well known that if an individual's choices among outcomes satisfy certain plausible axioms of rationality or consistency, that individual's choice-behavior can be interpreted as maximizing expected utility on a utility scale that is unique up to a linear transformation. Hence, there is, in principle, an empirically respectable method of measuring individuals' values and a single unified schema for explaining their actions as value maximizing.
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DOI 10.1017/S0266267100001371
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References found in this work BETA

Leviathan.Thomas Hobbes - 1651 - Harmondsworth, Penguin.
Morals by Agreement.David Gauthier - 1986 - Oxford University Press.

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Citations of this work BETA

Toward the Feminine Firm: An Extension to Thomas White.John Dobson & Judith White - 1995 - Business Ethics Quarterly 5 (3):463-478.
The Main Argument for Value Incommensurability (and Why It Fails).Stephen Ellis - 2008 - Southern Journal of Philosophy 46 (1):27-43.
The Scope and Limits of Preference Sovereignty.Tyler Cowen - 1993 - Economics and Philosophy 9 (2):253.

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