7,643
edits
Ordinal Preferences: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 29: | Line 29: | ||
|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Refutation of Fisher and Shell 1970 in 1Tweet: Prices -> distinguished choice connection on the utility bndle -> [[Ordinal Preferences|dynamic ordinal welfare]]. | |content=Refutation of Fisher and Shell 1970 in 1Tweet: Prices -> distinguished choice connection on the [[Bundles|utility bndle]] -> [[Ordinal Preferences|dynamic ordinal welfare]]. | ||
|timestamp=5:43 AM · Jun 12, 2009 | |timestamp=5:43 AM · Jun 12, 2009 | ||
}} | }} | ||
| Line 68: | Line 68: | ||
|content=Ok Paul: if you even had a perfect world, *define* inflation with evolving [[Ordinal Preferences|ordinal tastes]] O_t under prices p_t if O_t isn't fixed by Magic? | |content=Ok Paul: if you even had a perfect world, *define* inflation with evolving [[Ordinal Preferences|ordinal tastes]] O_t under prices p_t if O_t isn't fixed by Magic? | ||
|timestamp=10:30 PM · Sep 08, 2009 | |timestamp=10:30 PM · Sep 08, 2009 | ||
}} | }} | ||
| Line 438: | Line 427: | ||
|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@_PeterRyan @UChicago I would take a look at Paul | |content=@_PeterRyan @UChicago I would take a look at [[Paul Samuelson]]’s Nobel lecture. He goes into depth on revealed preference and preference field non-integrability. I think we have lost track of the fact that integrability of tastes was never actually settled except by fiat. Will talk on this. | ||
|thread= | |thread= | ||
{{Tweet | {{Tweet | ||
| Line 547: | Line 536: | ||
|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@_PeterRyan @UChicago As an example. The Boskin commission gave a single illustrative example in their report using two goods, chicken and beef. They gave prices but not [[Ordinal | |content=@_PeterRyan @UChicago As an example. The Boskin commission gave a single illustrative example in their report using two goods, chicken and beef. They gave prices but not [[Ordinal Utility|ordinal utility]]. Here is the COL answer assuming Cobb-Douglas and Linear interpolation of all quantities. They could not compute it. https://t.co/zUgd1LwBgx | ||
|media=ERW-X-post-1456427997813116928-FDZFiwNUYAUWtIs.jpg | |media=ERW-X-post-1456427997813116928-FDZFiwNUYAUWtIs.jpg | ||
|timestamp=1:07 AM · Nov 05, 2021 | |timestamp=1:07 AM · Nov 05, 2021 | ||
| Line 868: | Line 857: | ||
|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=@grok @elonmusk It may not get done right now, but let’s start. Since you agree on homotheticity, let's do something harder. You are familiar with Franklin Fisher and Karl Shell’s claims that dynamic changing preference index numbers cannot exist under [[Ordinal | |content=@grok @elonmusk It may not get done right now, but let’s start. Since you agree on homotheticity, let's do something harder. You are familiar with Franklin Fisher and Karl Shell’s claims that dynamic changing preference index numbers cannot exist under [[Ordinal Utility|ordinal utility]]? | ||
|timestamp=4:49 PM · Jul 27, 2025 | |timestamp=4:49 PM · Jul 27, 2025 | ||
}} | }} | ||