Dominique, C-Rene
(2016):
*Ordinal Space, Utility, and Consumer Demand: A Clarifying Note.*

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## Abstract

Concepts such as marginal utility, expected-utility, etc. are severely criticized in some quarters where economists are accused of performing mathematical operations in ordinal spaces. Haplessly, economists’ counterclaims are far from being substantive. This note shows that there exists an order-isomorphism relating preference ordering to a substantive set of real numbers and thus obviates the need for a utility index.

Item Type: | MPRA Paper |
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Original Title: | Ordinal Space, Utility, and Consumer Demand: A Clarifying Note |

English Title: | Ordinal Space, Utility, and Consumer Demand: A Clarifying Note |

Language: | English |

Keywords: | Ordinal Spaces, Binary Relation, Poset, Total Pre-ordering, Isomorphisms. |

Subjects: | D - Microeconomics > D4 - Market Structure, Pricing, and Design D - Microeconomics > D5 - General Equilibrium and Disequilibrium |

Item ID: | 75030 |

Depositing User: | C-Rene Dominique |

Date Deposited: | 12 Nov 2016 07:06 |

Last Modified: | 05 Oct 2019 23:59 |

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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/75030 |