Hostname: page-component-586b7cd67f-t8hqh Total loading time: 0 Render date: 2024-12-03T20:04:06.908Z Has data issue: false hasContentIssue false
  • English
  • Français

CONCERNS FOR THE POORLY OFF IN ORDERING RISKY PROSPECTS

Published online by Cambridge University Press:  20 July 2015

Luc Bovens
Luc Bovens*
Affiliation:
London School of Economics and Political Science, Department of Philosophy, Logic and Scientific Method, Houghton Street, London WC2A2AE, UK. Email: [email protected]. URL: http://www.bovens.org
Get access Rights & Permissions [Opens in a new window]

Abstract:

The Distribution View provides a model that integrates four distributional concerns in the evaluation of risky prospects. Starting from these concerns, we can generate an ordering over a set of risky prospects, or, starting from an ordering, we can extract a characterization of the underlying distributional concerns. Separability of States and/or Persons for multiple-person risky prospects, for single-person risky prospects and for multiple-person certain prospects are discussed within the model. The Distribution View sheds light on public health policies and provides a framework for the discussion of Parfit's Priority View for risky prospects.

Keywords

Prioritarianismriskprospectsseparabilityequally-distributed-equivalent
Type
Articles
Information
Economics & Philosophy , Volume 31 , Issue 3 , November 2015 , pp. 397 - 429
Check for updates
Copyright
Copyright © Cambridge University Press 2015 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Adler, M. D. 2012. Well-Being and Fair Distribution – Beyond Cost-Benefit Analysis. Oxford: Oxford University Press.Google Scholar
Atkinson, A. B. 1970. On the measurement of inequality. Journal of Economic Theory 2: 244–263.CrossRefGoogle Scholar
Bovens, L. 2015. Evaluating risky prospects: the distribution view. Analysis 75: 243–253.CrossRefGoogle Scholar
Chew, S. H. and Sagi, J. S.. 2012. An inequality measure for stochastic allocations. Journal of Economic Theory 147: 1517–1544.CrossRefGoogle Scholar
Diamond, P. A. 1967. Cardinal welfare, individualistic ethics, and interpersonal comparison of utility: Comment. Journal of Political Economy 75: 765–766.CrossRefGoogle Scholar
Donaldson, D. and Weymark, J. A.. 1980. A single-parameter generalization of the Gini indices of inequality. Journal of Economic Theory 22: 67–86.CrossRefGoogle Scholar
Fleurbaey, M. 2010. Assessing risky social situations. Journal of Political Economy 118: 649–680.CrossRefGoogle Scholar
Fleurbaey, M. and Voorhoeve, A. E.. 2013. Decide as you would with full information! An argument against ex ante Pareto. In Inequalities in Health: Concepts, Measurement, and Ethics, ed. Eyal, N., Hurst, S., Norheim, O. and Wikler, D., 113–128. Oxford: Oxford University Press.CrossRefGoogle Scholar
Harsanyi, J. 1955. Cardinal welfare, individualistic ethics, and interpersonal comparisons of utility. Journal of Political Economy 3: 309–321.CrossRefGoogle Scholar
Kolm, S. C. 1968. The optimal production of social justice. In Public Economics, ed. Guitton, H. and Margolis, J., 145–200. London: Macmillan.Google Scholar
Machina, M. 1989. Dynamic consistency and non-expected utility models of choice under uncertainty. Journal of Economic Theory 27: 1622–1668.Google Scholar
McCarthy, D. 2006. Utilitarianism and prioritarianism I. Economics and Philosophy 22: 335–363.CrossRefGoogle Scholar
McCarthy, D. 2008. Utilitarianism and prioritarianism II. Economics and Philosophy 24: 1–33.CrossRefGoogle Scholar
Otsuka, M. 2012. Prioritarianism and the separateness of persons. Utilitas 24: 365–380.CrossRefGoogle Scholar
Otsuka, M. 2015. Prioritarianism and the measure of utility. Journal of Political Philosophy 23: 1–22.CrossRefGoogle Scholar
Otsuka, M. and Voorhoeve, A. E.. 2009. Why it matters that some are worse off than others: an argument against the priority view. Philosophy and Public Affairs 37: 172–199.CrossRefGoogle Scholar
Parfit, D. 1995. Equality or priority? The Lindley Lecture 1991, University of Kansas.Google Scholar
Parfit, D. 1997. Equality and priority. Ratio (new series) X 3: 202–221.Google Scholar
Parfit, D. 2012. Another defence of the priority view. Utilitas 24: 399–440.CrossRefGoogle Scholar
Rabinowicz, W. 2001. Prioritarianism and uncertainty: on the Interpersonal Addition Theorem and the priority view. In Exploring Practical Philosophy: From Action to Value, Egonsson, D., Josefsson, J., Petersson, B. and Rønnow-Rasmussen, T., 139–166. Burlington, Vt.: AshgateGoogle Scholar
Rabinowicz, W. 2002. Prioritarianism for prospects. Utilitas 14: 2–21.CrossRefGoogle Scholar
Sen, A. K. 1970. Collective Choice and Social Welfare. San Francisco, CA: Holden-Day.Google Scholar
Ubel, P. A., DeKay, M. L., Baron, J. and Asch, D. A.. 1996. Cost-effectiveness analysis in a setting of budget constraints. New England Journal of Medicine, 334: 1174–1177.CrossRefGoogle Scholar
Voorhoeve, A. and Fleurbaey, M.. 2012. Egalitarianism and the separateness of persons. Utilitas, 24: 381–398.CrossRefGoogle Scholar
Weymark, J. A. 1991. A reconsideration of the Harsanyi–Sen debate on utilitarianism. In Interpersonal Comparisons of Well-Being, ed. Elster, J. and Roemer, J., 255–320. Cambridge: Cambridge University Press.CrossRefGoogle Scholar