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Science, Decision and Value pp 98–114Cite as

Utility Theory with Inexact Preferences and Degrees of Preference

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Part of the book series: The University of Western Ontario Series in Philosophy of Science ((WONS,volume 1))

Abstract

a - b ≺* c - d is taken to mean that ‘your’ degree of preference for a over b is less than ‘your’ degree of preference for c over d. Various properties of the strength-of-preference comparison relation ≺* are examined along with properties of simple preferences defined from ≺*. The investigation recognizes an individual’s limited ability to make ‘precise’ judgments. Several utility theorems relating a - b ≺* c - d to u(a)- u(b) < u(c) - u(d) are included.

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Author information

Authors and Affiliations

  1. Research Analysis Corporation, USA

    Peter C. Fishburn

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  1. Peter C. Fishburn
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Editor information

Editors and Affiliations

  1. University of Western Ontario, Ontario, Canada

    James Leach , Robert Butts  & Glenn Pearce ,  & 

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© 1972 D. Reidel Publishing Company, Dordrecht-Holland

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Fishburn, P.C. (1972). Utility Theory with Inexact Preferences and Degrees of Preference. In: Leach, J., Butts, R., Pearce, G. (eds) Science, Decision and Value. The University of Western Ontario Series in Philosophy of Science, vol 1. Springer, Dordrecht. https://doi.org/10.1007/978-94-010-2571-3_11

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  • DOI: https://doi.org/10.1007/978-94-010-2571-3_11

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-90-277-0327-9

  • Online ISBN: 978-94-010-2571-3

  • eBook Packages: Springer Book Archive

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