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Thank you. I found that: "Arrow originally rejected cardinal utility as a meaningful tool for expressing social welfare,and so focused his theorem on preferen
by RichardHeart 10y ago
Thank you. I found that: "Arrow originally rejected cardinal utility as a meaningful tool for expressing social welfare,and so focused his theorem on preference rankings, but now states that a cardinal score system with three or four classes "is probably the best".[https://electology.org/podcasts/2012-10-06_kenneth_arrow https://electology.org/podcasts/2012-10-06_kenneth_arrow] (via wikipedia)