Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/119541 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Memorandum No. 6/2015
Verlag: 
University of Oslo, Department of Economics, Oslo
Zusammenfassung: 
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), through a key axiom that requires that the social welfare order both be ethical and satisfy first-order stochastic dominance. PARDCLU is useful for evaluating intergenerational risks, is ethical in contrast to discounted utilitarianism, and avoids objections that have been raised against other ethical criteria. PARDCLU is shown to handle situations with positive probability of human extinction, and is linked to decision theory by yielding rank-dependent expected utilitarianism - but with additional structure - in a special case.
Schlagwörter: 
social evaluation
population ethics
decision-making under risk
critical-level utilitarianism
social discounting
JEL: 
D63
D71
D81
H43
Q54
Q56
Dokumentart: 
Working Paper

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