Learn how economists measure utility using cardinal and ordinal approaches to understand consumer choices and maximize satisfaction from products and services.
Social Choice and Welfare, Vol. 52, No. 3 (March 2019), pp. 453-475 (23 pages) What would be the analogue of the Lorenzquasi-ordering when the variable of interest is continuous and of a purely ...
Williams, A. and Louis, L. (2026) Cumulative Link Modeling of Ordinal Outcomes in the National Health Interview Survey Data: Application to Depressive Symptom Severity. Journal of Data Analysis and ...
The inputs to the OPSCAL function are as follows: The result of the OPSCAL function is the optimal scaling transformation of the qualitative (nominal or ordinal) data in qualit. The optimal scaling ...