The rationality of future bias figures crucially in various metaphysical and ethical arguments (Prior 1959; Parfit 1984; Fischer 2019). Recently, however, philosophers have raised several arguments to the effect that future bias is irrational (Dougherty 2011; Suhler and Callender 2012; Greene and Sullivan 2015). Particularly, Greene and Sullivan (2015) claim that future bias is irrational because future bias leads to two kinds of irrational planning behaviors in agents who also seek to avoid regret. In this paper, I join others who (...) have objected to Greene and Sullivan’s argument (Dorsey 2016; Tarsney 2017), but for significantly different reasons that put into question an unchallenged premise in the debate. These reasons are based on the relationship between the alleged irrational planning behaviors and certain features of regret that regret shares with future bias. First, regret is dynamic, involving preferences that change over time and in inconsistent ways. Second, regret comes in degrees, meaning that we can rank our potential regrets. Because regret has these features, I show that the future-biased agents in Greene and Sullivan’s cases do not need to act in irrational ways to rationally avoid regret. (shrink)

This paper challenges the conventional wisdom dominating the social sciences and philosophy regarding temporal discounting, the practice of discounting the value of future utility when making decisions. Although there are sharp disagreements about temporal discounting, a kind of standard model has arisen, one that begins with a normative standard about how we should make intertemporal comparisons of utility. This standard demands that in so far as one is rational one discounts utilities at future times with an exponential discount function. Tracing (...) the justification for this standard through economics, philosophy and psychology, I’ll make what I believe is the best case one can for it, showing how a non-arbitrariness assumption and a dominance argument together imply that discounting ought to be exponential. Ultimately, however, I don’t find the case compelling. Non-exponential temporal discounting is often rational. If this is correct, Instead of trying to ‘fix’ non-exponential discounting because it is irrational and associated with negative life outcomes, we might instead focus attention on why the conditions obtain that make such discounting rational. (shrink)

Proponents of temporal neutrality have challenged the intuitive appeal of future-bias: The intuitive appeal of future-bias is limited to a set of isolated cases that involve only hedonic and self-regarding goods and harms. They suggest that we should treat future-bias as irrational in self-regarding hedonic cases too, or at least not treat the intuitive appeal as evidence for future-bias's permissibility, since hedonic and non-hedonic cases are relevantly similar. This paper defends the rationality of future-bias against this concern. Firstly, hedonic goods (...) and harms mostly concern well-being at a time, while the proposed non-hedonic goods concern lifetime goodness. This is a relevant structural difference between hedonic and non-hedonic goods and harms that warrant different attitude patterns, including the applicability of future-bias. Secondly, the degree of idealisation required to make intuitions favour temporal neutrality obscures the weight of intuitions to a level that makes it unreliable as evidence against the permissibility of future-bias. As temporal neutralists need this degree of idealisation of their cases, the argument fails. In summary, we can keep using intuitive support as evidence for future-bias's rationality, at least when it comes to hedonic goods, but to some extent for its general permissibility. (shrink)

All else being equal, most of us typically prefer to have positive experiences in the future rather than the past and negative experiences in the past rather than the future. Recent empirical evidence tends not only to support the idea that people have these preferences, but further, that people tend to prefer more painful experiences in their past rather than fewer in their future (and mutatis mutandis for pleasant experiences). Are such preferences rationally permissible, or are they, as time-neutralists contend, (...) rationally impermissible? And what is it that grounds their having the normative status that they do have? We consider two sorts of arguments regarding the normative status of future-biased preferences. The first appeals to the supposed arbitrariness of these preferences, and the second appeals to their upshot. We evaluate these arguments in light of the recent empirical research on future-bias. (shrink)

A person is biased toward the future when she prefers, other things being equal, bad events to be in her past rather than her future or good ones to be in her future rather than her past. In this paper, I explain why both critics and defenders of future bias have failed to consider the best version of the view. I distinguish external time from personal time, and show that future bias is best construed in terms of the latter. This (...) understanding of future bias avoids several standard objections. I then consider a new justification of future bias which is consistent with that construal. My discussion points to a new position regarding the basic relation that grounds rational egoistic concern over time, according to which that relation is asymmetric between person-stages. I also explain how this way of justifying future bias would resolve the apparent tension between the future bias we display in our own case and our relative indifference toward the timing of the good and bad things that happen to other people. (shrink)

Empirical evidence shows that people have multiple time-biases. One is near-bias; another is future-bias. Philosophical theorising about these biases often proceeds on two assumptions. First, that the two biases are _independent_: that they are explained by different factors (the independence assumption). Second, that there is a normative asymmetry between the two biases: one is rationally impermissible (near-bias) and the other rationally permissible (future-bias). The former assumption at least partly feeds into the latter: if the two biases were not explained by (...) different factors, then it would be less plausible that their normative statuses differ. This paper investigates the independence assumption and finds it unwarranted. In light of this, we argue, there is reason to question the normative asymmetry assumption. (shrink)

This paper focuses on three distinct issues in Fischer’s Death, Immortality, and Meaning in Life, viz. meaning in life, fearing death, and asymmetrical attitudes between our prenatal and postmortem non-existence. I first raise the possibility that life’s total meaning can be negative and argue that immoral or harmful acts are plausibly meaning-detracting acts, which could make the lives of historically impactful evil dictators anti-meaningful. After that, I review Fischer’s two necessary conditions for meaning in life and argue against each. In (...) the second section, I review Fischer’s argument that we should fear death in virtue of it bringing about a permanent loss of our viewpoint. I offer an opposing argument that only intrinsic badness is a fitting object of fear. Since death is extrinsically bad, it cannot merit fear, even though it can be the appropriate object of other negative attitudes. In the third and final section, I consider Fischer’s solution to the asymmetry problem, which appeals to the rationality of temporal bias. I then raise two worries about it. I first argue that temporal bias is not necessarily, as Fischer claims, survival conducive. I then argue that, even if it is, this may actually be an epistemic defeater for the rationality of temporal bias. (shrink)

It seems that people typically prefer dying later to dying earlier. It also seems that people typically do not prefer having been created earlier to having been created later. Lucretius’ Puzzle is the question whether anything typically rationally recommends having a preference for dying later to dying earlier over having a preference for having been created earlier to having been created later. In this paper, I distinguish among three ways in which Lucretius’ Puzzle can be understood and say how I (...) think they ought to be answered. (shrink)

Philosophers working on time-biases assume that people are hedonically biased toward the future. A hedonically future-biased agent prefers pleasurable experiences to be future instead of past, and painful experiences to be past instead of future. Philosophers further predict that this bias is strong enough to apply to unequal payoffs: people often prefer less pleasurable future experiences to more pleasurable past ones, and more painful past experiences to less painful future ones. In addition, philosophers have predicted that future-bias is restricted to (...) first-person preferences, and that people’s third-person preferences are time-neutral. Philosophers disagree vigorously about the normative status of these preferences—i.e., they disagree about whether first-person future-bias is rationally permissible. Time-neutralists, for example, have appealed to the predicted asymmetry between first- and third-person preferences to argue for the rational impermissibility of future-bias. We empirically tested these predictions, and found that while people do prefer more past pain to less future pain, they do not prefer less future pleasure to more past pleasure. This was so in both first and third-person conditions. This suggests that future-bias is typically non-absolute, and is more easily outweighed in the case of positive events. We connect this result to the normative debate over future-bias. (shrink)

Future-bias is preferring some lesser future good to a greater past good because it is in the future, or preferring some greater past pain to some lesser future pain because it is in the past. Most of us think that this bias is rational. I argue that no agents have future-biased preferences that are rationally evaluable—that is, evaluable as rational or irrational. Given certain plausible assumptions about rational evaluability, either we must find a new conception of future-bias that avoids the (...) difficulties I raise, or we must conclude that future-biased preferences are not subject to rational evaluation. (shrink)

A much discussed question in the philosophy of death is whether both of the following claims are true: (1) it is at least typically appropriate to prefer dying further in the future to dying less far in the future; and (2) it is at least typically appropriate not to prefer having been created further in the past to having been created less far in the past. Some philosophers have tried to defend (1) and (2) by appeal to the alleged appropriateness (...) of future bias—roughly, greater concern for certain goods and bads in one's future than for certain goods and bads in one's past. I argue that such approaches to defending (1) and (2) probably cannot succeed, by arguing that even if a very strong version of future bias is appropriate, it does not follow that (1) and (2) are both true. Philosophers attracted to the conjunction of (1) and (2) ought to try to defend it by appeal to something other than future bias. (shrink)

Empirical work has lately confirmed what many philosophers have taken to be true: people are ‘biased toward the future’. All else being equal, we usually prefer to have positive experiences in the future, and negative experiences in the past. According to one hypothesis, the temporal metaphysics hypothesis, future-bias is explained either by our beliefs about temporal metaphysics—the temporal belief hypothesis—or alternatively by our temporal phenomenology—the temporal phenomenology hypothesis. We empirically investigate a particular version of the temporal belief hypothesis according to (...) which future-bias is explained by the belief that time robustly passes. Our results do not match the apparent predictions of this hypothesis, and so provide evidence against it. But we also find that people give more future-biased responses when asked to simulate a belief in robust passage. We take this to suggest that the phenomenology that attends simulation of that belief may be partially responsible for future-bias, and we examine the implications of these results for debates about the rationality of future-bias. (shrink)

Standard theories of rational decision making and rational preference embrace the idea that there is something special about the present. Standard decision theory, for example, demands that agents privilege the perspective of the present (i.e., the time of decision) in evaluating what to do. When forming preferences, most philosophers believe that a similar focus on the present is justified, at least in the sense that rationality requires or permits future experiences to be given more weight than past ones. In this (...) dissertation, I examine such theories in light of the expected success of the agents who follow them. In Chapters 2 and 3, I show that this bias toward the present is a liability: it tends to make agents less successful than they might otherwise be. I also show how these problems can be avoided: In the case of rational decision making, we must privilege the beginning rather than the present (what I call “inceptive maximization”). In the case of rational preferences, we must be completely temporally neutral. -/- In chapters 4 and 5 I introduce a larger framework in which to interpret these results. My core thesis is that practical rationality is a form of conditional reliability. Practically rational decisions, preferences, intentions, or other relevant factors reliably produce whatever we take to be of value, conditional on an agent’s beliefs. This focus on value-conduciveness is thus the analog of the focus on truth-conduciveness in reliability theories of epistemic norms. Like reliabilism in epistemology, I show that practical reliabilism is supported by a methodologically naturalistic approach to normativity. In this way and others, I argue that epistemic and practical reliabilism interconnect to create an overarching theory of normativity. (shrink)

Future-biased individuals systematically prefer positively valenced events to be in the future (positive future-bias) and negatively valenced events to be in the past (negative future-bias). The most extreme form of future-bias is absolute future-bias, whereby we completely discount the value of past events when forming our preferences. Various authors have thought that we are absolutely future-biased (Sullivan (2018:58); Parfit (1984:173) and that future-bias (absolute or otherwise) is at least rationally permissible (Prior (1959), Hare (2007; 2008), Kauppinen (2018), Heathwood (2008)). The (...) permissibility of future-bias is often held to be grounded in the structure of the temporal dimension. In this paper I consider several proposals for grounding the permissibility of such preferences and evaluate these in the light of the preferences we would have, and judge that we should have, in various time-travel scenarios. I argue that what we learn by considering these scenarios is that these preferences really have nothing to do with temporal structure. So if something grounds their permissibility, it is not temporal structure. (shrink)

Philosophers have long noted, and empirical psychology has lately confirmed, that most people are “biased toward the future”: we prefer to have positive experiences in the future, and negative experiences in the past. At least two explanations have been offered for this bias: belief in temporal passage and the practical irrelevance of the past resulting from our inability to influence past events. We set out to test the latter explanation. In a large survey, we find that participants exhibit significantly less (...) future bias when asked to consider scenarios where they can affect their own past experiences. This supports the “practical irrelevance” explanation of future bias. It also suggests that future bias is not an inflexible preference hardwired by evolution, but results from a more general disposition to “accept the things we cannot change”. However, participants still exhibited substantial future bias in scenarios in which they could affect the past, leaving room for complementary explanations. Beyond the main finding, our results also indicate that future bias is stake-sensitive and that participants endorse the normative correctness of their future-biased preferences and choices. In combination, these results shed light on philosophical debates over the rationality of future bias, suggesting that it may be a rational response to empirical realities rather than a brute, arational disposition. (shrink)

There are temporal asymmetries in our attitudes towards the past and future. For example, we judge that a given amount of work is worth twice as much if it is described as taking place in the future, compared to the past :796–801, 2008). Does this temporal value asymmetry support a tensed metaphysics? By getting clear on the asymmetry’s features, I’ll argue that it doesn’t. To support a tensed metaphysics, the value asymmetry would need to not vary with temporal distance, apply (...) equally to events concerning oneself and others, and be rational and judged to be so. But evidence suggests the value asymmetry lacks these features. There are, moreover, independent arguments against its rationality. The asymmetry’s features suggest instead that it arises as an emotion-driven generalisation from a temporal bias concerning our future actions. This explanation points towards mechanisms that can play a role in explaining other instances where we generalise about the past and future, and why we’re tempted towards metaphysical pictures of time. (shrink)

Exponential discounted utility theory provides the normative standard for future discounting as it is employed throughout the social sciences. Tracing the justification for this standard through economics, philosophy and psychology, I’ll make what I believe is the best case one can for it, showing how a non-arbitrariness assumption and a dominance argument together imply that discounting ought to be exponential. Ultimately, however, I don’t find the case compelling, as I believe it is deeply flawed. Non-exponential temporal discounting is often rational–indeed, (...) the paragon of rationality. If this is correct, it’s an important point when considering policy interventions. Instead of trying to “fix” non-exponetial discounting because it is irrational and associated with negative life outcomes, we might instead focus attention on why the conditions obtain that make such discounting rational. (shrink)

Most of us are hedonically future-biased: other things being equal, we prefer pains to be in the past and pleasures to be in the future. Recently, various authors have argued that future bias is irrational, and that we should be temporally neutral instead. I argue that instead of temporal neutrality, the putative counterexamples and the rationales offered for them only motivate a more narrow principle I call Only Action Fixes Utility: it is only when you act on the basis of (...) assigning a utility to an outcome that rationality requires you to give it the same value retrospectively and prospectively, other things being equal. When hedonic experiences are untethered from action, hedonic future bias is rationally permissible. I support this principle by appeal to additional scenarios and more general asymmetries between agential and experiential goods. (shrink)

I describe a thought experiment in which an agent must choose between suffering a greater pain in the past or a lesser pain in the future. This case demonstrates that the ‘temporal value asymmetry’ – our disposition to attribute greater significance to future pleasures and pains than to past – can have consequences for the rationality of actions as well as attitudes. This fact, I argue, blocks attempts to vindicate the temporal value asymmetry as a useful heuristic tied to the (...) asymmetry of causation. Since the two standard arguments for the rationality of the temporal value asymmetry appeal to causal asymmetry and the passage of time respectively, the failure of the causal asymmetry explanation suggests that the B-theory, which rejects temporal passage, has substantial revisionary implications concerning our attitudes toward past and future experience. (shrink)

Nearly everyone prefers pain to be in the past rather than the future. This seems like a rationally permissible preference. But I argue that appearances are misleading, and that future-biased preferences are in fact irrational. My argument appeals to trade-offs between hedonic experiences and other goods. I argue that we are rationally required to adopt an exchange rate between a hedonic experience and another type of good that stays fixed, regardless of whether the hedonic experience is in the past or (...) future. (shrink)

Many of us feel existential terror when contemplating our future nonexistence. I examine several attempts to rationally justify existential terror. The most promising of these appeals to the effects of future nonexistence on the meaningfulness of our lives. I argue that even this justification fails, and therefore existential terror is irrational.

Sometimes a series of choices do not serve one's concerns well even though each choice in the series seems perfectly well suited to serving one's concerns. In such cases, one has a dynamic choice problem. Otherwise put, one has a problem related to the fact that one's choices are spread out over time. This survey reviews some of the challenging choice situations and problematic preference structures that can prompt dynamic choice problems. It also reviews some proposed solutions, and explains how (...) some familiar but potentially puzzling phenomena — including, for example, self-destructive addictive behavior and dangerous environmental destruction — have been illuminated by dynamic choice theory. (shrink)

Future-bias is the preference, all else being equal, for negatively valenced events be located in the past rather than the future, and positively valenced ones to be located in the future rather than the past. Strong risk aversion is the preference to pay some cost to mitigate the badness of the worst outcome. People who are both strongly risk averse and future-biased can face a series of choices that will guarantee them more pain, for no compensating benefit: they will be (...) pain pumped. Thus, combining these preferences is rationally impermissible. Dougherty (2011) argues that this gives us reason to think that future-bias is rationally impermissible. This argument, and a similar one presented by Greene and Sullivan (2015), relies on the idea that if several preferences are not rationally combinable, then in the absence of some explanation of why they are not combinable, we should conclude that (at least) one of them is rationally impermissible. We take up this question by, inter alia, reflecting on the empirical results of a study we ran that probes people’s risk averse and future-biased preferences. We argue that the data, in conjunction with other considerations, suggests that we should not infer from the irrationality of the combination of these preferences to the irrationality of one of the preferences singly. We also argue that given the descriptive data about these preferences, there is no reason to think that, if one of them is rationally impermissible, then it is future-bias. (shrink)

People are ‘biased toward the future’: all else being equal, we typically prefer to have positive experiences in the future, and negative experiences in the past. Several explanations have been suggested for this pattern of preferences. Adjudicating among these explanations can, among other things, shed light on the rationality of future-bias: For instance, if our preferences are explained by unjustified beliefs or an illusory phenomenology, we might conclude that they are irrational. This paper investigates one hypothesis, according to which future-bias (...) is explained by our having a phenomenology that we describe, or conceive of, as being as of time robustly passing. We empirically tested this hypothesis and found no evidence in its favour. Our results present a puzzle, however, when compared with the results of an earlier study. We conclude that although robust passage phenomenology on its own probably does not explain future-bias, having this phenomenology and taking it to be veridical may contribute to future-bias. (shrink)

Future-biased individuals systematically prefer pleasures to be in the future and pains to be in the past. Empirical research shows that negative future-bias is robust: people prefer more past pain to less future pain. Is positive future-bias robust or fragile? Do people only prefer pleasures to be located in the future, compared to the past, when those pleasures are of equal value, or do they continue to prefer that pleasures be located in the future even when past pleasures outweigh future (...) ones? Some arguments against the rationality of future-bias require positive future-bias to be robust, while others require it to be fragile. We empirically investigate and show that positive future-bias is robust. (shrink)

Utility cascades occur when a utilitarian’s reduction of support for an intervention reduces the effectiveness of that intervention, leading the utilitarian to further reduce support, thereby further undermining effectiveness, and so on, in a negative spiral. This paper illustrates the mechanisms by which utility cascades occur, and then draws out the theoretical and practical implications. Theoretically, utility cascades provide an argument that the utilitarian agent should sometimes either ignore evidence about effectiveness or fail to apportion support to effectiveness. Practically, utility (...) cascades call upon utilitarians to rethink their relationship with the social movement known as Effective Altruism, which insists on the importance of seeking and being guided by evidence concerning effectiveness. This has particular implications for the ‘Institutional Critique’ of Effective Altruism, which holds that Effective Altruists undervalue political and systemic reforms. The problem of utility cascades undermines the Effective Altruist response to the Institutional Critique. (shrink)

The empirically documented fact is that people’s preferences are time -biased. The main aim of this paper is to analyse in which sense do time -biases violate the requirements of rationality, as many authors assume. I will demonstrate that contrary to many influential views in psychology, economy and philosophy it is very difficult to find why the bias toward the near violates the requirements rationality. I will also show why the bias toward the future violates the requirements of rationality in (...) a very basic sense. (shrink)

We direct different attitudes towards states of affairs depending on where in time those states of affairs are located. Call this the type asymmetry. The type asymmetry appears fitting. For instance, it seems fitting to feel guilt or regret only about states of affairs that are past, and anticipation only of states of affairs that are future. It has been argued that the type asymmetry could only be fitting if there are tensed facts, and hence that since it is fitting, (...) there are tensed facts. In this paper I argue that tensed facts are not necessary to ground the fittingness of the type asymmetry, and thus we have no reason, arising from the fittingness of the asymmetry, to posit such facts. I also argue for a stronger conclusion: even if these facts obtain they are no part of what grounds the fittingness of the type asymmetry. These facts are explanatorily redundant. (shrink)

A comprehensive theory of rational prudence would explain how a person should adjudicate among the conflicting interests of her past, present, future and counterfactual selves. For example, when a person is having an identity crisis, perhaps because she has suddenly become disabled, she may be left with no sense of purpose to keep her going. In her despondent state, she may think it prudent to give up on life now even if she would soon adopt a different set of values (...) that would give her a renewed sense of meaning. Yet we may think that, in many cases, it would be irrational for such a person to allow herself to die. My aim is to explain this prudential intuition by developing a partial framework of rational prudence that interprets and applies the idea that a prudent person acts in ways that are justifiable to herself over time. (shrink)

Most of us display a bias toward the near: we prefer pleasurable experiences to be in our near future and painful experiences to be in our distant future. We also display a bias toward the future: we prefer pleasurable experiences to be in our future and painful experiences to be in our past. While philosophers have tended to think that near bias is a rational defect, almost no one finds future bias objectionable. In this essay, we argue that this hybrid (...) position is untenable. We conclude that those who reject near bias should instead endorse complete temporal neutrality. (shrink)

We often show a greater inclination to assist and avoid harming people identified as those at high risk of great harm than to assist and avoid harming people who will suffer similar harm but are not identified (as yet). Call this the identified person bias. Some ethicists think such bias is justified; others disagree and claim that the bias is discriminatory against statistical people. While the issue is present in public policy and politics, perhaps the most notable examples can be (...) found in medical ethics such as in ICU triage decisions made during the COVID‐19 pandemic. The Rule of Rescue, as the application of the identified person bias is sometimes called, states that spending large amounts of resources rescuing identifiable individuals who are in imminent danger is justified. In this paper, I show that our distorted attitudes toward time play a role in identified person bias. I claim that ICU triage decisions are better explained by a preference to treat people sooner rather than later, which is at least partially due to near bias (positive events are to be preferred to be near rather than distant), than by a preference to treat identified lives over statistical lives. Thus, another bias, near bias, is involved in the reasoning behind the identified person bias and the Rule of Rescue. (shrink)

Recent studies have suggested that while both adults and children hold past-future hedonic preferences – preferring painful experiences to be in the past and pleasurable experiences to lie in the future – these preferences are abandoned when the quantity of pain or pleasure under consideration is greater in the past than in the future. We examined whether such preferences might be affected by the utility people assign to experiential memories, since the recollection of events can itself be pleasurable or aversive, (...) and we examined the developmental trajectory of the value that people assign to experiential memories of past painful experiences. Using a task in which we manipulated hypothetical memory loss in a series of brief vignettes, we found that for some adults, but not for children, the disutility attached to the recollection of painful past events outweighed the disutility of living through future painful events. Between middle childhood and adulthood, experiential memory appears to assume a more important role in determining the value that people assign to past experiences and in mitigating bias toward the future. (shrink)

Despite judging the central controversial thesis of this book false and arguments for it ultimately unconvincing, I highly recommend the book for its many philosophical virtues, prominent among them being breadth and clarity.1 1 Sullivan addresses all the major issues surrounding various time biases that decision-makers exhibit. Writing on topics that can often become overly technical, she spells her arguments out in the clearest prose, making the book ideal as an introduction to this interesting subdivision of practical reason, but also, (...) since packed with arguments, many original, and defending a counterintuitive if recently popular thesis, making this must reading for those familiar with its topics. (shrink)

In this paper, we develop a novel version of the so-called Lucretian symmetry argument against the badness of death. Our argument has two features that make it particularly effective. First, it focuses on the preferences of rational agents. We believe the focus on preferences eliminates needless complications and emphasizes the urgency to respond to the argument. Second, our argument utilizes a principle that states that a rational agent's preferences should not vary in arbitrary ways. We argue that this principle underlies (...) our judgments of cognitive biases. We should therefore endorse the principle insofar as we think a cognitively biased agent fails to be rational. In the second half of the paper we survey potential ways to resist the new symmetry argument. We show that they all fail to meet the dialectical burden of our argument or involve highly controversial assumptions about the metaphysics of time or the limits of rational preferences. (shrink)

The consequentializing project relies on agentcentered value (aka agent-relative value), but many philosophers find the idea incomprehensible or incoherent. Discussions of agent-centered value often model it with a theory that assigns distinct better-than rankings of states of affairs to each agent, rather than assigning a single ranking common to all. A less popular kind of model uses a single ranking, but takes the value-bearing objects to be properties (sets of centered worlds) rather than states of affairs (sets of worlds). There (...) are rhetorical, presentational differences between these kinds of models, but are there also structural differences? Do the two kinds of models differ in their capacity to represent normative theories? Despite an initial appearance of equivalence, the two kinds of models are different. The single ranking of properties has greater representational power; its representations contain more information. The main question I address in this article is whether this extra information is useful, in the sense that it distinguishes between normative views that we think are really different, or whether it is just junk information. (shrink)