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- Cardinal_utility abstract "In economics, a cardinal utility function or scale is a utility index that preserves preference orderings uniquely up to positive affine transformations. Two utility indices are related by an affine transformation if for every value of one index u, occurring at quantity of the goods bundle being evaluated, the corresponding value of the other index v satisfies a relationship of the form ,for fixed constants a and b. Thus the utility functions themselves are related byThe two indices differ only with respect to scale and origin.The idea of Cardinal utility is considered outdated except for specific contexts such as decision making under risk, utilitarian welfare evaluations, and discounted utilities for intertemporal evaluations where it is still applied. Elsewhere, such as in general consumer theory, ordinal utility is preferred.".
- Cardinal_utility thumbnail Examples_of_cardinal_utility_functions.svg?width=300.
- Cardinal_utility wikiPageExternalLink QF2012_05.pdf.
- Cardinal_utility wikiPageExternalLink 2205.
- Cardinal_utility wikiPageID "1448833".
- Cardinal_utility wikiPageRevisionID "605042644".
- Cardinal_utility hasPhotoCollection Cardinal_utility.
- Cardinal_utility subject Category:Utility.
- Cardinal_utility comment "In economics, a cardinal utility function or scale is a utility index that preserves preference orderings uniquely up to positive affine transformations. Two utility indices are related by an affine transformation if for every value of one index u, occurring at quantity of the goods bundle being evaluated, the corresponding value of the other index v satisfies a relationship of the form ,for fixed constants a and b.".
- Cardinal_utility label "Cardinal utility".
- Cardinal_utility label "Théorie cardinale de l'utilité".
- Cardinal_utility sameAs Théorie_cardinale_de_l'utilité.
- Cardinal_utility sameAs m.052fsz.
- Cardinal_utility sameAs Q3526727.
- Cardinal_utility sameAs Q3526727.
- Cardinal_utility wasDerivedFrom Cardinal_utility?oldid=605042644.
- Cardinal_utility depiction Examples_of_cardinal_utility_functions.svg.
- Cardinal_utility isPrimaryTopicOf Cardinal_utility.
