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Drawing on passages in Book II of the Treatise of Human Nature (1739-40), in the Enquiry Concerning the Principles of Morals (1751), in the Dissertation on the Passions (1757), and in some of the Essays (1777), this paper is built upon Hume's distinction between three alternative valuations of...
Persistent link: https://www.econbiz.de/10008790949
this theorem to explain the well-known problems of utility and decision theories, such as risk aversion, the underweighting …
Persistent link: https://www.econbiz.de/10010899454
: they consider that utilitarianism deals with 'utility' but disregards justice. Such an interpretation appears when they …
Persistent link: https://www.econbiz.de/10009367989
utilitarianism to preferences utilitarianism and towards post-welfarist approaches is the following. Utility is defi-ned normatively … decision are likely to be normatively transparent. …
Persistent link: https://www.econbiz.de/10010821180
Based on Hume's major philosophical works and on some of his Essays, this paper discusses formally the feasibility, from a Humean point of view, of a welfare policy which would aim at promoting the highest individual happiness whereas individual decisions, like individual happiness, are...
Persistent link: https://www.econbiz.de/10009226838
inclination to choose one of the actions. Due to influence among players, the final decision of a player, i.e., his choice of one … influence another player with different inclination, and as a result of this influence, the decision of the player is closer to …
Persistent link: https://www.econbiz.de/10010549106
each agent is inclined to make a particular decision, but due to a possible influence of the others, his final decision may …
Persistent link: https://www.econbiz.de/10010605336
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information … available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of … imprecision for this informational setting and show that a decision maker who is averse to information imprecision maximizes the …
Persistent link: https://www.econbiz.de/10010750380
We review recent advances in the field of decision making under uncertainty or ambiguity. …
Persistent link: https://www.econbiz.de/10010738626
dominance and classes of utility functions in this general case, and expresses the conditions on bounds in terms of differences …
Persistent link: https://www.econbiz.de/10010821246