Evaluating risky prospects: the distribution view

Analysis 75 (2):243-253 (2015)
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Risky prospects represent policies that impose different types of risks on multiple people. I present an example from food safety. A utilitarian following Harsanyi's Aggregation Theorem ranks such prospects according to their mean expected utility or the expectation of the social utility. Such a ranking is not sensitive to any of four types of distributional concerns. I develop a model that lets the policy analyst rank prospects relative to the distributional concerns that she considers fitting in the context at hand. I name this model ‘the Distribution View’ posing an alternative to Parfit's Priority View for risky prospects
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Archival date: 2014-10-28
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