Decision over Time as a By-Product of a Measure of Utility: A Reappraisal of Paul Samuelson's "A Note on Measurement of Utility" (1937).
This contribution aims to highlight a neglected aspect of Samuelson's famous 1937 paper "A Note on Measurement of Utility". Although the 1937 paper is usually regarded as the foundation of discounted utility theory, and rightly so, it is primarily concerned with utility measurement and deals only in...
| Publicado en: | European Journal of the History of Economic Thought Vol. 29; no. 3; pp. 438 - 455 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Jun2022
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=157136887&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 157136887 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 09672567 5B6 jtl: European Journal of the History of Economic Thought issn: 09672567 maglogo: N pubinfo: dt: Jun2022 vid: 29 iid: 3 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 157136887 10.1080/09672567.2021.2019293 ppf: 438 ppct: 17 formats: tig: atl: Decision over Time as a By-Product of a Measure of Utility: A Reappraisal of Paul Samuelson's "A Note on Measurement of Utility" (1937). aug: au: Fiévet, Amélie su: Samuelson, Paul A. (Paul Anthony), 1915-2009 Rational choice theory Utility theory Utility functions Cognitive ability Measurement sug: subj: Samuelson, Paul A. (Paul Anthony), 1915-2009 Rational choice theory Utility theory Utility functions Cognitive ability Measurement keyword: discounted utility measure of utility Paul Samuelson ab: This contribution aims to highlight a neglected aspect of Samuelson's famous 1937 paper "A Note on Measurement of Utility". Although the 1937 paper is usually regarded as the foundation of discounted utility theory, and rightly so, it is primarily concerned with utility measurement and deals only indirectly with decision over time – intertemporal issues appearing as a by-product of the realisation of a unique utility measure. But the treatment of discounted utility in turn influenced Samuelson's understanding of cardinality. Cardinality appears here as the result of a cognitive ability that manifests when agents face a decision experiment over time in which they are compelled to cardinalize their utility functions. The result is the weak plausibility of cardinality in a more general context, such that, contrary to the usual views, we may say that Samuelson's ordinalist approach was already in the making in 1937. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 2022 holdings: @attributes: islocal: N |
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