Approximate interpersonal comparisons of well-being

We propose a mathematical model of `approximate' interpersonal comparisons of well-being, in terms of an incomplete preorder over a space of `psychophysical states'. We argue that this model is consistent with people's intuitions about interpersonal comparisons, intertemporal preferences, and changes in psychological identity over time. We then construct several simple mathematical models to illustrate the versatility of this approach.

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Year of publication:	2010-09-20
Authors:	Pivato, Marcus
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	interpersonal comparisons \| utility \| well-being \| welfare \| intertemporal choice \| metapreferences \| multi-utility

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D70 - Analysis of Collective Decision-Making. General ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; I31 - General Welfare; Basic Needs; Quality of Life
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008646797