Which of the following properties of vNM utilities most particularly prevent us from using them in a utilitarian Bergson-Samuelson social welfare function? We can re-scale vNM utilities by adding or subtracting any constant. A vNM utility of zero has no particular significance. The distinction between "positive" and "negative" vNM utilities has no particular significance. We can re-scale vNM utilities by multiplying by any positive constant.

Bergson’s social welfare function should be subject to differences in economic events that have a…

Answered: Which of the following properties of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter10: Introduction To Simulation Modeling

Section: Chapter Questions

Problem 36P: Dilberts Department Store is trying to determine how many Hanson T-shirts to order. Currently the...

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Which of the following properties of vNM utilities most particularly prevent us from using them in a utilitarian Bergson-Samuelson social welfare function?

		We can re-scale vNM utilities by adding or subtracting any constant.
		A vNM utility of zero has no particular significance.
		The distinction between "positive" and "negative" vNM utilities has no particular significance.
		We can re-scale vNM utilities by multiplying by any positive constant.