=+l. Have we needed to make any appeal to being able to measure utility in cardinal terms?

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=+l. Have we needed to make any appeal to being able to measure utility in “cardinal” terms? True or False: Although risk aversion appears to arise from how we measure utility in our graphs of consumption/utility relationships (such as those in exercise 17.1), the underlying theory of tastes over risky gambles does not in fact require any such cardinal measurements.

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