Approximate interpersonal comparisons of well-being
Marcus Pivato
MPRA Paper from University Library of Munich, Germany
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.
Keywords: interpersonal comparisons; utility; well-being; welfare; intertemporal choice; metapreferences; multi-utility (search for similar items in EconPapers)
JEL-codes: D63 D70 I31 (search for similar items in EconPapers)
Date: 2010-09-20
New Economics Papers: this item is included in nep-hap
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Citations: View citations in EconPapers (3)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25224
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