Expected Utility theory is not only applied to individual choices but also to ethical decisions, e.g. in cost … EU theory is able to deal with 'catastrophic risks', i.e. risks of high, but very unlikely losses, in an ethically … appealing way. In this paper we show that this is not the case. Rather, if in the framework of EU theory a plausible level of …

of others, the optimal income distribution under utilitarianism is equality of incomes. …

Amartya Sen has advanced a number of distinct arguments against utilitarianism and 'utility'-based views more generally …