ordinalismn.
/ˈɔːdᵻnl̩ɪz(ə)m/, /ˈɔːdᵻnəlɪz(ə)m/, /ˈɔːdn̩əlɪz(ə)m/, /ˈɔːdn̩l̩ɪz(ə)m/, U.S. /ˈɔrd(ə)nlˌɪz(ə)m/, /ˈɔrd(ə)nəˌlɪz(ə)m/ rare before 20th cent.
Originally: the quality of being ordinal. Later: the process of ranking things on an ordinal scale; (Economics) a system of measuring utility using rankings of preference.
ΚΠ
1841 R. G. Latham Eng. Lang. ix. 250 Are the ideas of Ordinalism in Number, and of Superlativeness in Degree allied?
1951 Jrnl. Polit. Econ. 59 66/1 Moreover, Friedman and Savage agree that the generating function is no more valid a utility function than any other obtained from it by a monotone transformation. That it, they subscribe to ordinalism in this sense.
1968 Amer. Econ. Rev. 58 1334 Henri Poincaré's letter to Walras is the Magna Carta of ordinalism: never have the reasons and justifications, and also the obligations, of the use of ordinal utility been expressed so relevantly and in so few words.
1996 Jrnl. Econ. Lit. 34 1308 The efforts of Irving Fisher..and Vilfredo Pareto..to replace the concept of measurable (cardinal) utility with that of ordinal preferences.
This entry has been updated (OED Third Edition, September 2004; most recently modified version published online March 2022).
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n.1841- to smoke the skin coat of
- to smooth a person's ruffled feathers
- to smooth it
- to smooth one's rumpled feathers
- to smooth ruffled feathers
- to smuggle the coal
- to snap a person's nose off
- to snap back
- to snap into
- to snap one's fingers at
- to snap one's nose, or head, off
- to snap out of
- to snap short
- to snap to
- to snarl up
- to snatch defeat from the jaws of victory
- to snatch defeat out of the jaws of victory
- to snatch it or one's time
- to snatch out of the fire
- to snatch victory from the jaws of defeat
- to snatch victory out of the jaws of defeat
- to sniff the wind
- to snuff pepper
- to soak dry or up
- to soak it to