Evaluating Intergenerational Risks: Probabillity Adjusted Rank-Discounted Utilitarianism

Research, Preprint OPEN
Asheim, Geir B.; Zuber, Stéphane;
  • Publisher: Oslo: University of Oslo, Department of Economics
  • Subject: D63 | critical-level utilitarianism | H43 | social discounting | Q54 | 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 | jel:Q54
      ddc: ddc:330

Climate policies have stochastic consequences that involve a great number of generations. This calls for evaluating social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people during their own lifetimes). ... View more
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