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The Risk-Priority View

delete2026-04-01
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PRE
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C
Cibinel, Pietro *
DOI:10.1017/s0266267126100716delete
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Abstract

Abstract

En 中文
This paper develops and defends a non-utilitarian interpretation of John Harsanyi's social aggregation theorem and sum of vNM utilities approach. On this interpretation, vNM utilities transform an independently available cardinal measure of fully comparable individual well-being. The resulting proposal for ranking well-being distributions - the Risk-Priority View - is not welfare-anonymous and can favour a smaller increase in well-being for one individual rather than a larger increase in well-being for another, equally well-off individual. I argue here that such counterintuitive implications can be defended, and that impartiality can still be secured through the imposition of an alternative, interprofile anonymity axiom.
Keywords:
Harsanyi's social aggregation theorem
Sen-Weymark critique
vNM utility
well-being
distributive ethics

Journal

E
ECONOMICS & PHILOSOPHY
IF:
1.5
Papers:
25
Citations:
0

Organization

U
University of North Carolina
Scholars:
5.3K
Papers: 2.5K
Citations: 337