Two variants of Harsanyi's aggregation theorem

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Abstract

This paper presents two variants of Harsanyi's (1955) utilitarian theorem in which the assumption that the social criterion is an expected value of social welfare is replaced by statewise dominance. One variant involves continuity while the other relies on anonymity.

Original languageEnglish (US)
Pages (from-to)300-302
Number of pages3
JournalEconomics Letters
Volume105
Issue number3
DOIs
StatePublished - Dec 1 2009
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

Keywords

  • Harsanyi's theorem
  • Risk
  • Social welfare
  • Utilitarianism

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