Journal of Economic Methodology 23 (3):268-288 (2016)
Authors |
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Abstract |
We reexamine some of the classic problems connected with the use
of cardinal utility functions in decision theory, and discuss Patrick
Suppes's contributions to this field in light of a reinterpretation we
propose for these problems. We analytically decompose the doctrine
of ordinalism, which only accepts ordinal utility functions, and distinguish between several doctrines of cardinalism, depending on what
components of ordinalism they specifically reject. We identify Suppes's
doctrine with the major deviation from ordinalism that conceives of
utility functions as representing preference differences, while being non-
etheless empirically related to choices. We highlight the originality,
promises and limits of this choice-based cardinalism.
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Keywords | ordinal utility cardinal utility preference differences Suppes ordinalism cardinalism. representation theorems |
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DOI | 10.1080/1350178X.2016.1189112 |
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References found in this work BETA
Truth and Probability.Frank Ramsey - 1926 - In Antony Eagle (ed.), Philosophy of Probability: Contemporary Readings. Routledge. pp. 52-94.
Games and Decisions: Introduction and Critical Survey.Robert Duncan Luce & Howard Raiffa - 1957 - New York: Wiley.
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Citations of this work BETA
On the Recent Philosophy of Decision Theory.Ivan Moscati - 2020 - Journal of Economic Methodology 28 (1):98-106.
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