Utilitarian Aggregation of Beliefs and Tastes
Several authors have indicated a contradiction between consistent aggregation of subjective beliefs and tastes, and a Pareto condition. We argue that the Pareto condition that implies the contradiction is not compelling. Society should not necessarily endorse a unanimous choice when it is based on contradictory beliefs. Restricting the Pareto condition to choices that only involve identical beliefs allows a utilitarian aggregation: both society`s utility function and its probability measure are linear combinations of those of the individuals.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||2001|
|Date of revision:|
|Contact details of provider:|| Postal: Israel TEL-AVIV UNIVERSITY, THE FOERDER INSTITUTE FOR ECONOMIC RESEARCH, RAMAT AVIV 69 978 TEL AVIV ISRAEL.|
Web page: http://econ.tau.ac.il/foerder/about
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- MONGIN, Philippe, 1993.
"Consistent Bayesian Aggregation,"
CORE Discussion Papers
1993019, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Hylland, Aanund & Zeckhauser, Richard J, 1979. "The Impossibility of Bayesian Group Decision Making with Separate Aggregation of Beliefs and Values," Econometrica, Econometric Society, vol. 47(6), pages 1321-36, November.
- DE MEYER, Bernard & MONGIN , Philippe, 1994.
"A Note on Affine Aggregation,"
CORE Discussion Papers
1994014, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Bernard De Meyer & Philippe Mongin, 1995. "A note on affine aggregation," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00259707, HAL.
- De Meyer, B. & Mongin, P., . "A note on affine aggregation," CORE Discussion Papers RP 1136, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- 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.
- P. Mongin., 1997. "The paradox of the Bayesian experts and state-dependent utility theory," THEMA Working Papers 97-15, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- MONGIN, Philippe, 1996. "The Paradox of the Bayesian Experts and State-Dependent Utility Theory," CORE Discussion Papers 1996026, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- MONGIN, Philippe, . "The paradox of the Bayesian experts and state-dependent utility theory," CORE Discussion Papers RP 1312, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63, pages 309.
When requesting a correction, please mention this item's handle: RePEc:fth:teavfo:2001-17. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.