Abstract
We study a particular collective choice problem, that of allocating chances of success. We argue that many problems of interest have this nature, from small scale problems like medical triage to large scale ones like the allocation of opportunities in society. We consider both finite and infinite societies. We characterise utilitarian-type criteria by means of new properties tailored to the probabilistic structure of the alternatives. (C) 2012 Elsevier B.V. All rights reserved.
Original language | English |
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Pages (from-to) | 226-236 |
Number of pages | 11 |
Journal | Journal of Mathematical Economics |
Volume | 48 |
Issue number | 4 |
Early online date | 30 May 2012 |
DOIs | |
Publication status | Published - Aug 2012 |
Keywords
- GENERATIONS
- Self-duality
- Utilitarianism
- INTERGENERATIONAL EQUITY
- Chances in life
- Mixture consistency
- EGALITARIANISM
- ACCUMULATION
- NON-WELFARIST METHOD
- PARETO PRINCIPLE
- STREAMS
- CHOICE
- DICHOTOMOUS PREFERENCES
- IMPOSSIBILITY
- Opportunities