Measurement theory and the foundations of utilitarianism
AbstractThis article reconsiders the Harsanyi--Sen debate concerning whether Harsanyi is justified in interpreting his Aggregation and Impartial Observer Theorems as providing axiomatizations of utilitarianism. Sen's criticism and its formalization by Weymark are based on the claim that von Neumann--Morgenstern utility theory is ordinal, whereas Harsanyi's utilitarian conclusions require cardinal utility. Proposals for overcoming Sen's objection that appeal to formal measurement theory are considered. It is argued that one of these proposals due to Broome and Risse rightly points to a feature of expected utility theory that was ignored by Sen and Weymark, but that this proposal does not provide a normatively compelling justification for cardinal utility. The other proposal due to Broome is shown to make use of a strength of preference relation in addition to the axioms of expected utility theory.
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Bibliographic InfoArticle provided by Springer in its journal Social Choice and Welfare.
Volume (Year): 25 (2005)
Issue (Month): 2 (December)
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Web page: http://link.springer.de/link/service/journals/00355/index.htm
Other versions of this item:
- John A. Weymark, 2005. "Measurement Theory and the Foundations of Utilitarianism," Vanderbilt University Department of Economics Working Papers 0507, Vanderbilt University Department of Economics.
- John a. Weymark, 2004. "Measurement Theory and the Foundations of Utilitarianism," Econometric Society 2004 North American Summer Meetings 415, Econometric Society.
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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