Probability Adjusted Rank-Discounted Utilitarianism

Research, Preprint English OPEN
Geir B. Asheim; Stéphane Zuber;
(2014)
  • Publisher: Center for Economic Studies and Ifo Institute (CESifo) Munich
  • Subject: D63 | critical-level utilitarianism | H43 | social discounting | social evaluation, population ethics, decision-making under risk, critical-level utilitarianism, social discounting | Q56 | social evaluation | population ethics | decision-making under risk | D81 | D71
    • jel: jel:D63 | jel:H43 | jel:D71 | jel:D81 | jel:Q56
      ddc: ddc:330

We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We thus generalize rank-discounted utilitarianism (RDU) (proposed by Zuber and Asheim, 2012) to variable population and risky situations and thereby take ... View more
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