A Note on Measurement of Utility by paul a. Samuelson. In order to arrive inductively at the measurement of utility, essentially a subjective quantity, it is necessary to place the individual under certain ideal circumstances. The behaviour of an individual in the market, when confronted with various price combinations and under limitations of various incomes, is not in itself sufficient to determine the form of his utility function.
A Note on Measurement of Utility by paul a. Samuelson. In order to arrive inductively at the measurement of utility, essentially a subjective quantity, it is necessary to place the individual under certain ideal circumstances. The behaviour of an individual in the market, when confronted with various price combinations and under limitations of various incomes, is not in itself sufficient to determine the form of his utility function.
A Note on Measurement of Utility by paul a. Samuelson. In order to arrive inductively at the measurement of utility, essentially a subjective quantity, it is necessary to place the individual under certain ideal circumstances. The behaviour of an individual in the market, when confronted with various price combinations and under limitations of various incomes, is not in itself sufficient to determine the form of his utility function.