Asheim, Geir B.; Zuber, Stéphane - 2015 - This version February 20, 2015
-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 …