From what I have read, and from self-introspection, humans mostly have ordinal preferences. Some of them we can interpolate to interval scales or ratios (or higher-order functions) but if we extrapolate very far, we get odd results.
It turns out you can do a LOT with just ordinal preferences. Almost all real-world decisions are made this way.
From what I have read, and from self-introspection, humans mostly have ordinal preferences. Some of them we can interpolate to interval scales or ratios (or higher-order functions) but if we extrapolate very far, we get odd results.
It turns out you can do a LOT with just ordinal preferences. Almost all real-world decisions are made this way.