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How can you have the same prefereces even if you have different utility functions?
Aak109
In the drop-down subset, utility fuctions usually override predetermined settings. However, if preferences are set from the start-up menu, they will transfer 'ghost parameters' that will then automatically change all subsequent settings.
Wiki User
∙ 13y ago
Preferences are independent of utility functions. Preferences reflect an individual's ranking of choices or outcomes, while utility functions quantify the value or satisfaction gained from those choices. Two individuals with different utility functions can still have the same preference ranking because preferences are based on the order of choices rather than the specific values assigned to them.
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Why is it that the organism have the same structure but a different function?
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Is aspirin an amino acid?
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What is the similarity between cardinal utility theory and ordinal utility theory?
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yes
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