Fairness and risk attitudes
Bibliographic Data
| ID | 21370708 |
|---|---|
| Authors | R Bradley (0000-0003-2184-7844, London School of Economics and Political Science), H Orri Stefánsson (0000-0002-8382-1802, Stockholm University, corresponding author) |
| Year | 2023 |
| Volume | 180 |
| Issue | 10-11 |
| Pages | 3179-3204 |
| Publication date | 2023-11-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Philosophical Studies (JOURNAL) |
| Journal identifiers | ISSN: 0031-8116 • E-ISSN: 1573-0883 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s11098-023-02025-2 |
| OpenAlex | W4386713561 |
| Language | EN |
| Citations received | 2 |
| References cited | 23 |
According to a common judgement, a social planner should often use a lottery to decide which of two people should receive a good. This judgement undermines one of the best-known arguments for utilitarianism, due to John C. Harsanyi, and more generally undermines axiomatic arguments for utilitarianism and similar views. In this paper we ask which combinations of views about (a) the social planner’s attitude to risk and inequality, and (b) the subjects’ attitudes to risk are consistent with the aforementioned judgement. We find that the class of combinations of views that can plausibly accommodate this judgement is quite limited. But one theory does better than others: the theory of chance-sensitive utility
Axiom · Class (philosophy) · Construct (python library) · Economics · Epistemology · Judgement · Lottery · Mathematical economics · Metaphysics · Microeconomics · Philosophy of language · Philosophy of mind · Planner · Positive economics · Social choice theory · Utilitarianism · Computer Science · Decision-Making and Behavioral Economics · Health Systems, Economic Evaluations, Quality of Life · Law, Economics, and Judicial Systems · Mathematics · Philosophy · Psychology · Social Psychology
Decision Theory with a Human Face
Risk and Rationality
Parameter-Free Elicitation of Utility and Probability Weighting Functions
Le Comportement de l'Homme Rationnel devant le Risque
A theory of anticipated utility
Advances in prospect theory
Risk, Ambiguity, and the Savage Axioms
Weighing Goods
A Theory of Justice
Generalized Utilitarianism and Harsanyi's Impartial Observer Theorem
Attitudes toward risk are complicated
Why Lotteries Are Just
How Valuable Are Chances
Quadratic Social Welfare Functions
Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility
Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparison of Utility
What Is Risk Aversion
| Citations per year | 1 |
|---|---|
| Citation span | 2024 - 2026 (3) |
| Highly cited | No |