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Foundations of Utilitarianism under Risk and Variable Population
Spears, Dean; Zuber, Stéphane - 2021
Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to … novel characterizations extend classic axiomatizations of utilitarianism from settings with either social risk or variable …
Persistent link: https://www.econbiz.de/10012658094
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A Soul's View of the Optimal Population Problem
de la Croix, David; Doepke, Matthias - 2021
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
Persistent link: https://www.econbiz.de/10012597368
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Lifecycle Patterns in the Socioeconomic Gradient of Risk Preferences
Schurer, Stefanie - 2015
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10010500328
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Too Lucky to Be True: Fairness Views under the Shadow of Cheating
Bortolotti, Stefania; Soraperra, Ivan; Sutter, Matthias; … - 2017
The steady increase in inequality over the past decades has revived a lively debate about what can be considered a fair distribution of income. Public support for the extent of redistribution typically depends on the perceived causes of income inequality, such as differences in effort, luck, or...
Persistent link: https://www.econbiz.de/10011744589
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Does Voluntary Risk Taking Affect Solidarity? Experimental Evidence from Kenya
Strobl, Renate; Wunsch, Conny - 2017
In this study we experimentally investigate whether solidarity, which is a crucial base for informal insurance arrangements in developing countries, is sensitive to the extent to which individuals can influence their risk exposure. With slum dwellers of Nairobi our design measures subjects'...
Persistent link: https://www.econbiz.de/10011744618
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Dissecting Inequality-Averse Preferences
Bergolo, Marcelo; Burdin, Gabriel; Burone, Santiago; De … - 2021
Although different approaches and methods have been used to measure inequality aversion, there remains no consensus about its drivers at the individual level. We conducted an experiment on a sample of more than 1800 first-year undergraduate economics and business students in Uruguay to...
Persistent link: https://www.econbiz.de/10012882404
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Lifecycle Patterns in the Socioeconomic Gradient of Risk Preferences
Schurer, Stefanie - Institute for the Study of Labor (IZA) - 2015
Who is most likely to change their risk preferences over the lifecourse? Using German nationally representative survey data and methods to separate age from cohort effects, we estimate the lifecycle patterns in the socioeconomic gradient of self-reported risk preferences. Tolerance to risk drops...
Persistent link: https://www.econbiz.de/10011163481
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Risky Choices and Solidarity: Why Experimental Design Matters
Wunsch, Conny; Strobl, Renate - 2018
Negative income shocks can either be the consequence of risky choices or random events. A growing literature analyzes the role of responsibility for neediness for informal financial support of individuals facing negative income shocks based on randomized experiments. In this paper, we show that...
Persistent link: https://www.econbiz.de/10011931606
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Addressing the COVID-19 Pandemic: Comparing Alternative Value Frameworks
Ferranna, Maddalena; Sevilla, J.P.; Bloom, David E. - 2021
of benefit-cost analysis, utilitarianism, and prioritarianism in evaluating COVID-19-related policies. The relative … less aggressive control policies. Utilitarianism and prioritarianism, in that order, increasingly favor income … likely than utilitarianism or benefit-cost analysis to target young and socioeconomically disadvantaged individuals in the …
Persistent link: https://www.econbiz.de/10012597327
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Liberty and the post-utilitarian society
Saint-Paul, Gilles - 2012
people are plagued by irrational biases and inconsistencies. The author elucidates how these developments have led to a post-utilitarianism …
Persistent link: https://www.econbiz.de/10010289917