Probability Adjusted Rank-Discounted Utilitarianism

Arbeitspapier

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 important steps towards preparing RDU for practical use, e.g. for evaluation of climate policies and other policy issues with long-run consequences. We illustrate how PARDCLU yields rank-dependent expected utilitarianism - but with additional structure - in a special case, and show how PARDCLU can handle a situation with positive probability of human extinction.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 4728

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Social Choice; Clubs; Committees; Associations ; Criteria for Decision-Making under Risk and Uncertainty ; Project Evaluation; Social Discount Rate ; Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
• Thema: social evaluation ; population ethics ; decision-making under risk ; critical-level utilitarianism ; social discounting

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Asheim, Geir B. ; Zuber, Stéphane
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2014

Weitere Informationen

• Handle: http://hdl.handle.net/10419/96833
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ