measurement of ordinal utility

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• utility and value — ▪ economics Introduction       in economics, the determination of the prices of goods and services.       The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials …   Universalium

• measurement — raises four main issues for the sociologist: representation (how many properties of the empirical world can best be modelled?); uniqueness (how unique are the resulting measurement numbers?); appropriate statistics (what indices may legitimately… …   Dictionary of sociology

• measurement — The fundamental concepts of the theory of measurement are that of a quantity being measured, an empirical determination for a lesser, equal, or greater amount of the quantity, and then a rule assigning numerical values to the quantities… …   Philosophy dictionary

• Level of measurement — The levels of measurement , or scales of measure are expressions that typically refer to the theory of scale types developed by the psychologist Stanley Smith Stevens. Stevens proposed his theory in a 1946 Science article titled On the theory of… …   Wikipedia

• Cardinal utility — In economics, cardinal utility is a theory of utility under which the utility (roughly, satisfaction) gained from a particular good or service can be measured and that the magnitude of the measurement is meaningful. Under cardinal utility theory …   Wikipedia

• Theory of conjoint measurement — The theory of conjoint measurement (also known as conjoint measurement or additive conjoint measurement) is a general, formal theory of continuous quantity. It was independently discovered by the French economist Gerard Debreu (1960) and by the… …   Wikipedia

• Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …   Wikipedia

• Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

• Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …   Wikipedia

• List of philosophy topics (I-Q) — II and thou I Ching I Ching I proposition I Thou I Thou relationshipIaIamblichus (philosopher)IbYahya Ibn Adi Yahya Ibn Adi Ibn al Arabi Muhyi al Din Ibn al Arabi Abu Bakr Ibn Bajja Abu Bakr Ibn Bājja Abu Bakr Muhammad Ibn Yahya Ibn as Say igh… …   Wikipedia

• Intelligence quotient — IQ redirects here. For other uses, see IQ (disambiguation). Intelligence quotient Diagnostics An example of one kind of IQ test item, modeled after items in the Raven s Progressive Matrices test …   Wikipedia