Egalitarian Justice and Expected Value

Egalitarian Justice and Expected Value

Social inequality in health, responsibility and egalitarian justice.

Are social inequalities in health unjust when brought about by differences in lifestyle? A widespread idea, luck egalitarianism, is that inequality stemming from individuals' free choices is not to be considered unjust, since individuals, presumably, are themselves responsible for such choices. Thus, to the extent that lifestyles are in fact results of free choices, social inequality in health ...

Expected value of fuzzy variable and fuzzy expected value models

This paper will present a novel concept of expected values of fuzzy variables, which is essentially a type of Choquet integral and coincides with that of random variables. In order to calculate the expected value of general fuzzy variable, a fuzzy simulation technique is also designed. Finally, we construct a spectrum of fuzzy expected value models, and integrate fuzzy simulation, neural networ...

The expected value premium

Fama and French [2002. The equity premium. Journal of Finance 57, 637–659] estimate the equity premium using dividend growth rates to measure expected rates of capital gain. We apply their method to study the value premium. From 1945 to 2005, the expected value premium is on average 6.1% per annum, consisting of an expected dividend growth component of 4.4% and an expected dividend price ratio ...

Population solidarity, population fair-ranking, and the egalitarian value

We investigate the implications of two axioms specifying how a value should respond to changes in the set of players for TU games. Population solidarity requires that the arrival of new players should affect all the original players in the same direction: all gain together or all lose together. On the other hand, population fair-ranking requires that the arrival of new players should not affect...