von Neumann/Morgenstrn Decision Making and Harsanyi's Theory of Justice: After Rawls and Nozick If It Risks Personal Freedom and Individual Liberty, Can It Be Really Just?

Will Carrington Health

American Journal of Economics and Sociology, 1988, vol. 47, issue 3, 355-362

Abstract: Abstract. John C. Harsanyi has developed a theory of justice based on the von Neumann‐Morgenstern (vN‐M) theory of decision making under uncertainty. Instead of applying the vN‐M theory strictly, however, Harsanyi proposes to modify his approach so as to exclude decisions which seem to be the result of rashness, strong excitement and other circumstances which might hinder rational choice. The result is a theory of justice which is internally inconsistent and potentially hostile to liberty and individual freedom.

Date: 1988
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