Question
The following function $u$ is not an ordinal utility function. Why not? $u(a)$ $=7, u(b)=3, u(c)=34, u(d)=-430, u(e)=3.76, u(e)=12$.
Step 1
An ordinal utility function is a function that assigns a numerical value to each possible outcome or alternative in a decision-making situation, but the specific numerical values do not have any inherent meaning. The only important aspect is the relative ranking Show more…
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Real Function
Level I
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