The biased balance: Observation, formalism and interpretation of a dissymmetric measuring device
AbstractThis paper studies a balance whose unobservable fulcrum is not necessarily located at the middle of its two pans. It presents three different models, showing how this lack of symmetry modifies the observation, the formalism and the interpretation of such a biased measuring device. It argues that the biased balance can be an interesting source of inspiration for broadening the representational theory of measurement.
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Bibliographic InfoPaper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 1006.
Date of creation: Jan 2007
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Web page: http://www.econ.upf.edu/
Representational theory of measurement; biased measurement; bias; rationality; irrationality; observer; dependence; indeterminacy; invariance;
Find related papers by JEL classification:
- A0 - General Economics and Teaching - - General
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- C0 - Mathematical and Quantitative Methods - - General
- D0 - Microeconomics - - General
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- Marc Menestrel & Bertrand Lemaire, 2006. "Ratio-Scale Measurement with Intransitivity or Incompleteness: The Homogeneous Case," Theory and Decision, Springer, vol. 60(2), pages 207-217, 05.
- Marc Le Menestrel & Luk N. Van Wassenhove, 2001.
"The domain and interpretation of utility functions: An exploration,"
Economics Working Papers
576, Department of Economics and Business, Universitat Pompeu Fabra.
- Marc Le Menestrel & Luk Van Wassenhove, 2001. "The Domain and Interpretation of Utility Functions: An Exploration," Theory and Decision, Springer, vol. 51(2), pages 329-349, December.
- Bertrand Lemaire & Marc Le Menestrel, 2004. "Homothetic interval orders," Economics Working Papers 793, Department of Economics and Business, Universitat Pompeu Fabra.
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