Introspective utility and the group choice problem

✍ Scribed by Neil R. Paine

• Book ID: 104636214
• Publisher: Springer US
• Year: 1975
• Tongue: English
• Weight: 263 KB
• Volume: 6
• Category: Article
• ISSN: 0040-5833
• DOI: 10.1007/bf00136202

✦ Synopsis

This paper presents empirical evidence somewhat supportive of the hypothesis that yon Neumann-Morgenstern utility and so-called 'introspective utility' are intrinsically the same. In other words, this evidence is somewhat supportive of the view that the Allais Paradox and related phenomena are more apparent than real. The hearing that this evidence has on the relationship between two methods of group choice is discussed.