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Utility is not only unhelpful but wrong in that it presumes that all preferences (what you call "different kinds of psychological goods") are comparable or reducible to a single scale, that individual preferences are consistent and that collective preferences are comparable, reducible to a single scale, and consistent.

There is no escaping the fact that decision problems are multidimensional.

Those whom the Gods wish to destroy They first make mad. -- Euripides

by Migeru (migeru at eurotrib dot com) on Sun Oct 22nd, 2006 at 05:38:05 AM EST
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