Utilons do not exist. They are abstractions defined out of idealized, coherent preferences. To the extent that they are meaningful, though, their whole point is that anything one might have a preference over can be quantified in utilons—including dollars.
Utilons do not exist. They are abstractions defined out of idealized, coherent preferences. To the extent that they are meaningful, though, their whole point is that anything one might have a preference over can be quantified in utilons—including dollars.