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>Utility is ordinal not out of some deep desire on the part of economists to "appear scientific" but because it reflects a simple empirical fact about humans. "
by crdoconnor 11y ago
>Utility is ordinal not out of some deep desire on the part of economists to "appear scientific" but because it reflects a simple empirical fact about humans. "Utility" is a measure of value to someone, and human values are ordinal: I value my children more than my cats, and no number of cats will ever equal the value of my children.
Utility is a bullshit non-measurement that is defined self-referentially. It's not better than phlogiston.