diverges, then we prove it is optimal for the extended Rawlsian to ignore the uncertainty concerning the possible disappearance … Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various … social welfare criteria entail alternative von Neumann-Morgensternutility functionsfor the EO: utilitarian, Rawlsian, and an …

utilitarian program diverges, then we prove it is optimal for the extended Rawlsian to ignore the uncertainty concerning the … Ethical Observer (EO) who maximizes intertemporal welfare under this uncertainty, with expected-utility preferences. Various … social welfare criteria entail alternative von Neumann- Morgenstern utility functions for the EO: utilitarian, Rawlsian, and …

Sustainability has been largely replaced by discounted utilitarianism in contemporary climate-change economics. Our … approach rejuvenates sustainability by expanding the conception of the quality of life, along the lines of the UN Human … substituting consumption for the quality of life. Our sustainability results carry over. As it should be expected, optimal …