Theoretically you should be able to assign marginal values, like your cat getting sick is worth $X, good weather for your barbecue party is worth $Y and so on—these being marginal values. As long as the numbers are pretty small diminishing utilities shouldn’t cause any problems.
Theoretically you should be able to assign marginal values, like your cat getting sick is worth $X, good weather for your barbecue party is worth $Y and so on—these being marginal values. As long as the numbers are pretty small diminishing utilities shouldn’t cause any problems.