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The biased balance: Observation, formalism and interpretation of a dissymmetric measuring device

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Abstract

This 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.

Suggested Citation

  • Marc Le Menestrel, 2007. "The biased balance: Observation, formalism and interpretation of a dissymmetric measuring device," Economics Working Papers 1006, Department of Economics and Business, Universitat Pompeu Fabra.
    • Handle: RePEc:upf:upfgen:1006
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    References listed on IDEAS

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    1. 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.
    2. Bertrand Lemaire & Marc Le Menestrel, 2004. "Homothetic interval orders," Economics Working Papers 793, Department of Economics and Business, Universitat Pompeu Fabra.
    3. 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, May.
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    More about this item

    Keywords

    Representational theory of measurement; biased measurement; bias; rationality; irrationality; observer; dependence; indeterminacy; invariance;
    All these keywords.

    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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