Characterizations of Consequentialism and Non-consequentialism
By allowing for the possibility that individuals recognize the intrinsic value of choice along with the instrumental value thereof, we suppose that individuals express extended preference orderings of the following type: Choosing an alternative x from an opportunity set A is better than choosing an alternative y from an opportunity set B. Within this framework, we identify a consequentialist and a non-consequentialist, who show contrasting attitudes toward alternatives vis-à-vis opportunities. This paper characterizes these attitudes in terms of some axioms, whereas the companion paper explores the implications of these concepts in the context of social choice theory à la Arrow.
|Date of creation:||Dec 2000|
|Date of revision:|
|Note:||Revised Version: March 31, 2000|
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