Statistical Utilitarianism

Marcus Pivato

A chapter in The Political Economy of Social Choices, 2016, pp 187-204 from Springer

Abstract: Abstract Given a sufficiently large population satisfying certain statistical regularities, we show that it is often possible to accurately estimate the utilitarian social welfare function and identify the welfare-maximizing social alternative, even if we only have very noisy data about individual utility functions and interpersonal utility comparisons.

Keywords: Interpersonal comparisons; Social welfare; Utilitarian (search for similar items in EconPapers)
Date: 2016
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Working Paper: Statistical utilitarianism (2016)
Working Paper: Statistical utilitarianism (2014)
Working Paper: Statistical utilitarianism (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stpocp:978-3-319-40118-8_8

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DOI: 10.1007/978-3-319-40118-8_8

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