Abstract
Proceeding to consider how pleasure and pain can be estimated as magnitudes, we must undoubtedly accept what Bentham has laid down upon this subject. “To a person,” he says,1 “considered by himself, the value of a pleasure or pain, considered by itself, will be greater or less according to the four following circumstances :—
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(1)
Its intensity.
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(2)
Its duration.
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(3)
Its certaintyor uncertainty.
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(4)
Its propinquityor remoteness.
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© 2013 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Jevons, W.S. (2013). Theory of Pleasure and Pain. In: The Theory of Political Economy. Palgrave Classics in Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137374158_2
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DOI: https://doi.org/10.1057/9781137374158_2
Publisher Name: Palgrave Macmillan, London
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