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Harsanyi’s Aggregation Theorem has often been dismissed as being irrelevant to utilitarianism, and thus void of ethical content. Some of these objections can be met by reformulating Harsanyi’s theorem in the multi-profile context of Social Welfare Functionals theory. The present paper aims...
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Judgment (or logical) aggregation theory is logically more powerful than social choice theory and has been put to use to recover some classic results of this field. Whether it could also enrich it with genuinely new results is still controversial. To support a positive answer, we prove a social...
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The paper investigates the aggregation of first of all nonatomic subjective probabilities, second Savagean orderings, subject to the twofold consistency constraint that: (i) the aggregate is a subjective probability or a Savagean ordering, respectively; (ii) it satisfies the Pareto principle....
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This chapter discusses various technical constructions and philosophical interpretations of utility theory with a view of establishing its relevance to social ethics.
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If a vector-valued function has convex range and one of its components is related to the others by a Pareto-like condition, that component must be affine w.r.t. the others; sign restrictions on the coefficients follow from suitably strengthening the unanimity condition. The theorem is applied to...
Persistent link: https://www.econbiz.de/10005065326
The paper surveys the currently available axioma.tizations of common belief (CB) and common knowledge (CK) by means of modal propositionallogic:s. (Throughout, knowledge - whether individual or common - is defined as true belief.) Section 1 introduces the formal method ofaxiomatization followed...
Persistent link: https://www.econbiz.de/10005042881
The paper axiomatizes individual and common belief by means of modal propositional logic systems of varying strength. The weakest system of all just requires the monotonicity of individual belief on top of the axiom and rules of common belief. It is proved to be sound and complete with respect...
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