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and argue that instead utilitarian, i.e. cardinal social choice theory is relevant for voting. I show that justifications …
Persistent link: https://www.econbiz.de/10010440432
how a novel criterion, Strongly Anonymous Utilitarianism, can be characterized by combining Strong Anonymity with other …
Persistent link: https://www.econbiz.de/10012817908
-level generalized utilitarianism (PARDCLU), through a key axiom that requires that the social welfare order both be ethical and satisfy … discounted utilitarianism, and avoids objections that have been raised against other ethical criteria. PARDCLU is shown to handle … situations with positive probability of human extinction, and is linked to decision theory by yielding rank-dependent expected …
Persistent link: https://www.econbiz.de/10010530542
When evaluating well-being distributions in an anonymous (and replication invariant) manner, one faces a dilemma between (i) assigning dictatorship to a single worst-off person, thus succumbing to a tyranny of non-aggregation and (ii) assigning dictatorship to (unboundedly) many better-off...
Persistent link: https://www.econbiz.de/10011941310
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We … thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky … other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism …
Persistent link: https://www.econbiz.de/10010337541
We confront two common objections to Harsanyi's impartial observer theorem; one to do with 'fairness', and the other to do with different individuals' having different attitudes toward risk. Both these objections can be accommodated if we drop the reduction axiom; in particular, if we...
Persistent link: https://www.econbiz.de/10001763119
Persistent link: https://www.econbiz.de/10012779382
This paper extends Harsanyi's Impartial Observer Theorem by introducing Knightian Uncertainty in the form of individual belief systems. It features an axiomatic framework of societal decision-making in the presence of individual uncertainty. The model allows the analysis of scenarios where...
Persistent link: https://www.econbiz.de/10011701427
weighted utilitarianism when the social aggregation procedure is Paretian …
Persistent link: https://www.econbiz.de/10014064487
In his seminal Social Choice and Individual Values, Kenneth Arrow stated that his theory applies to voting. Many voting … theorists have been convinced that, on account of Arrow's theorem, all voting methods must be seriously flawed. Arrow's theory …, there evolved a consistent cardinal theory of collective choice. This theory, most prominently associated with the work of …
Persistent link: https://www.econbiz.de/10014067878