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Unformatted text preview: If A > B and B>C Then A > C Footnote p. 27 Bentham’s Definition of Utility "that property in any object, whereby it tends to produce benefit, advantage, pleasure, good, or happiness. ..or. ..to prevent the happening of mischief, pain, evil, or unhappiness Interpersonal Comparison of Utilities-Coffee versus Milk-Tie, but to what degree do you prefer one to the other?-Might be indicated by willingness to pay Trouble is willingness to pay is connected to ability to pay Borda Voting-Assign values 1-5 to a series of choices. Add the number of points given to each choice. The most points wins.-Assume equal degrees of preference between each choice-People will engage in strategic voting. Parawise Comparrisons Do you prefer coffee to milk? Coffee, milk is out Do you prefer coffee to tea? Coffee, tea is out And so forth… Condorcet 1 2 3 A A > B > C > B B > C > A > C C > A > B >-All Equal above-There is no such thing as a method of voting that always produces a faithful outcome....
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This note was uploaded on 09/09/2011 for the course PUBP 2010 taught by Professor Unknown during the Spring '09 term at Georgia Tech.
- Spring '09