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Bayesian Utilitarianism

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  • ZHOU, Lin

    (Cowles Foundation, Yale University and CORE, Université catholique de Louvain)

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Abstract

In this paper I consider social choices under uncertainty. I prove that any social choice rule that satisfies independence of irrelevant alternatives, translation invariance, and weak anonymity is consistent with ex post Bayesian utilitarianism

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File URL: http://alfresco.uclouvain.be/alfresco/download/attach/workspace/SpacesStore/fd870586-c01a-434d-9fb2-f09e8e37b3cc/coredp_1996_11.pdf
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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1996011.

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Date of creation: 01 Apr 1996
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Handle: RePEc:cor:louvco:1996011

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Cited by:
  1. Mongin, Philippe, 1998. "The paradox of the Bayesian experts and state-dependent utility theory," Journal of Mathematical Economics, Elsevier, vol. 29(3), pages 331-361, April.

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