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Approximate interpersonal comparisons of well-being

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  • Pivato, Marcus

Abstract

We propose a mathematical model of `approximate' interpersonal comparisons of well-being, in terms of an incomplete preorder over a space of `psychophysical states'. We argue that this model is consistent with people's intuitions about interpersonal comparisons, intertemporal preferences, and changes in psychological identity over time. We then construct several simple mathematical models to illustrate the versatility of this approach.

Suggested Citation

  • Pivato, Marcus, 2010. "Approximate interpersonal comparisons of well-being," MPRA Paper 25224, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:25224
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    File URL: https://mpra.ub.uni-muenchen.de/25224/1/MPRA_paper_25224.pdf
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    References listed on IDEAS

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    Cited by:

    1. Pivato, Marcus, 2010. "Aggregation of incomplete ordinal preferences with approximate interpersonal comparisons," MPRA Paper 25271, University Library of Munich, Germany.
    2. Pivato, Marcus, 2010. "Risky social choice with approximate interpersonal comparisons of well-being," MPRA Paper 25222, University Library of Munich, Germany.
    3. Marcus Pivato, 2015. "Social choice with approximate interpersonal comparison of welfare gains," Theory and Decision, Springer, vol. 79(2), pages 181-216, September.

    More about this item

    Keywords

    interpersonal comparisons; utility; well-being; welfare; intertemporal choice; metapreferences; multi-utility;

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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