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Econometrica
Article
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Econometrica
Article . 2010 . Peer-reviewed
License: Wiley TDM
Data sources: Crossref
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Generalized Utilitarianism and Harsanyi's Impartial Observer Theorem

Authors: Grant, Simon; KAJII, Atsushi; Polak, Ben; Safra, Zvi;

Generalized Utilitarianism and Harsanyi's Impartial Observer Theorem

Abstract

Harsanyi's impartial observer must consider two types of lotteries: imaginary identity lotteries (“accidents of birth”) that she faces as herself and the real outcome lotteries (“life chances”) to be faced by the individuals she imagines becoming. If we maintain a distinction between identity and outcome lotteries, then Harsanyi-like axioms yield generalized utilitarianism, and allow us to accommodate concerns about different individuals' risk attitudes and concerns about fairness. Requiring an impartial observer to be indifferent as to which individual should face similar risks restricts her social welfare function, but still allows her to accommodate fairness. Requiring an impartial observer to be indifferent between identity and outcome lotteries, however, forces her to ignore both fairness and different risk attitudes, and yields a new axiomatization of Harsanyi's utilitarianism.

Countries
Singapore, Australia, United Kingdom
Keywords

Social welfare function, Fairness, 330, Generalized utilitarianism, Impartial observer, Social welfare function, Fairness, Ex ante egalitarianism, fairness, 2002 Economics and Econometrics, Generalized utilitarianism, impartial observer, Impartial observer, social welfare function, Economic Theory, ex ante egalitarianism, jel: jel:D63, jel: jel:D71

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
38
Top 10%
Top 10%
Top 10%
bronze