AndrewKemendo comments on The Difference Between Utility and Utility - Less Wrong
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See my response here
What are the units for expected utility? How do you measure them? Can you graph my utility function?
I can look at behaviors of people and say that on this day Joe bought 5 apples and 4 oranges, on this day he bought 2 kiwis, 2 apples and no oranges etc...but that data doesn't reliably forecast expected utility for oranges. There are so many exogenous variables that the data is reliably unreliable.
I have yet to see a researcher give a practical empirical formula mapping the utility of a person or group. I argue it is because it is impossible (currently), thus trying to do so doesn't make sense in practice. I have however, as demonstrated in the link previously, seen formulas which imply weighted preference set's. Those aren't any more useful or descriptive than saying that Joe prefers apples to oranges.