Bayesian utilitarianism and probability homogeneity
نویسندگان
چکیده
منابع مشابه
Probability adjusted rank-discounted utilitarianism∗
We propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU). We thus generalize rank-discounted utilitarianism (RDU) to variable population and uncertainty 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 PA...
متن کاملDetermination of Maximum Bayesian Entropy Probability Distribution
In this paper, we consider the determination methods of maximum entropy multivariate distributions with given prior under the constraints, that the marginal distributions or the marginals and covariance matrix are prescribed. Next, some numerical solutions are considered for the cases of unavailable closed form of solutions. Finally, these methods are illustrated via some numerical examples.
متن کاملEvaluating intergenerational risks: Probability adjusted rank-discounted utilitarianism∗
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). As a response we propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU...
متن کاملBayesian probability
Bayesian decision theory is here construed as explicating a particular concept of rational choice and Bayesian probability is taken to be the concept of probability used in that theory. Bayesian probability is usually identified with the agent’s degrees of belief but that interpretation makes Bayesian decision theory a poor explication of the relevant concept of rational choice. A satisfactory ...
متن کاملBayesian probability
This document introduces the foundations of Bayesian probability theory. The emphasis is on understanding why Bayesian probability theory works, and on realizing that the theory relies, on the one hand, on a very limited number of fundamental properties for information processing, and, on the other hand, on a number of application-dependent and arbitrary choices for decision making. 1 What is B...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2005
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-003-0300-4