Continuous Multi-utility Representations of Preorders and the Chipman Approach

Chipman contends, in stark contrast to the conventional view, that utility is not a real number but a vector and is inherently lexicographic in nature. According to these views, it will be proved that, for every preordered topological space (X,≾,t), the assumption t to be finer than the order topology t≾ on (X,t), i.e. t⊇t≾, and the assumption the quotient topology t∣∼≾ that is defined on the preordered set (X∣∼,≾∣∼) of indifference classes of ≾ to be Hausdorff imply that a cardinal number κ and a (complete) preorder ≲ on {0,1}κ that is coarser than the lexicographical ordering ≤lex on {0,1}κ, i.e. ≤lex⊂≲, can be chosen in such a way that there exists a continuous order-embedding ϑ:(X,≾,t)⟶({0,1}κ,≲,t≤lex). This theorem will be compared with a theorem that, in particular, describes necessary and sufficient conditions for ≾ to have a continuous multi-utility representation.