An important element for the public support of policies is their perceived justice. At the same time most policy … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. …

Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has … allocation must involve discounting, and (2) that undiscounted utilitarianism subjects the present generation to heavy demands …-nologies) that undiscounted utilitarianism is so malleable that any efficient and non-decreasing allocation can be the unique optimum …

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property … the most efficient ownership allocation despite starting from different initial conditions. However, in contrast to the … the self-interest model nor with models that assume that all people behave fairly, but they can be explained by the theory …