Energy choices and preference relation "paradoxes"
ResearchPublished 1977
ResearchPublished 1977
Using examples from a set of hypothesized energy choices, the author illustrates some of the simplest results of the standard theory of social preference relations that show how quickly one reaches apparent inconsistencies and counterintuitive consequences when one attempts to formalize intuitive notions of preferences. Limitations of R&D in moderating such results are noted.
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