Bayesian Utilitarianism.

In this paper I consider social choices under uncertainty. I prove that any social choice rule that satisfies independence of irrelevant alternatives, translation invariance, and weak anonymity is consistent with ex post Bayesian utilitarianism.

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Year of publication:	1996
Authors:	Zhou, L.
Institutions:	Center for Operations Research and Econometrics (CORE), École des Sciences Économiques de Louvain
Subject:	STATISTICS \| MATHEMATICS \| ECONOMETRICS \| UNCERTAINTY

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Series:	Papers.
Type of publication:	Book / Working Paper
Notes:	15 pages
Classification:	C10 - Econometric and Statistical Methods: General. General ; C11 - Bayesian Analysis ; D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005634197