A Model for Ordered Metric Scaling by Comparison of Intervals

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Abstract
This paper presents a model of individual choice behavior for application to experimental situations in which a subject is required to compare utility intervals (differences in subjective value). This model is contrasted with a weaker model, which is also derived. Both models generate ordered metric scales, but differ in predictive power. An experiment on the utility of grades, which provides a test and comparison of the models, is presented.

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