dc.contributor.author |
Mintz-Woo, Kian |
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dc.date.accessioned |
2020-09-01T09:17:04Z |
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dc.date.available |
2020-09-01T09:17:04Z |
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dc.date.issued |
2019-05-02 |
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dc.identifier.citation |
Mintz-Woo, K. (2019) 'Principled Utility Discounting under Risk', Moral Philosophy And Politics, 6 (1), pp. 89-112. doi: 10.1515/mopp-2018-0060 |
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dc.identifier.volume |
6 |
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dc.identifier.issued |
1 |
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dc.identifier.startpage |
89 |
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dc.identifier.endpage |
112 |
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dc.identifier.issn |
2194-5616 |
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dc.identifier.uri |
http://hdl.handle.net/10468/10423 |
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dc.identifier.doi |
10.1515/mopp-2018-0060 |
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dc.description.abstract |
Utility discounting in intertemporal economic modelling has been viewed as problematic, both for descriptive and normative reasons. However, positive utility discount rates can be defended normatively; in particular, it is rational for future utility to be discounted to take into account model-independent outcomes when decision-making under risk. The resultant values will tend to be smaller than descriptive rates under most probability assignments. This also allows us to address some objections that intertemporal considerations will be overdemanding. A principle for utility discount rates is suggested which is rooted in probability discounting. Utility discounting is defended against objections from Parfit (1984) and Broome (2005); Broome (2012). A sample utility discount rate is estimated. |
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dc.description.sponsorship |
Austrian Science Foundation (FWF, under research grant W 1256-G15 (Doctoral Programme Climate Change—Uncertainties,Thresholds and Coping Strategies)) |
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dc.format.mimetype |
application/pdf |
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dc.language.iso |
en |
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dc.publisher |
De Gruyter |
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dc.relation.uri |
https://doi.org/10.1515/mopp-2018-0060 |
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dc.rights |
© 2019 Mintz-Woo, published by De Gruyter. This work is licensed under the Creative Commons Attribution 4.0 Public License. |
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dc.rights.uri |
https://creativecommons.org/licenses/by/4.0/ |
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dc.subject |
Climate change |
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dc.subject |
Decision-making under risk |
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dc.subject |
Discounted utilitarianism |
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dc.subject |
International justice |
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dc.subject |
Overdemandingness |
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dc.subject |
Utility discount rate |
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dc.title |
Principled utility discounting under risk |
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dc.type |
Article (peer-reviewed) |
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dc.internal.authorcontactother |
Kian Mintz-Woo, Philosophy, University College Cork, Cork, Ireland. +353-21-490-3000 Email: kian.mintz-woo@ucc.ie |
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dc.internal.availability |
Full text available |
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dc.date.updated |
2020-08-26T15:53:01Z |
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dc.description.version |
Published Version |
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dc.internal.rssid |
534216364 |
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dc.contributor.funder |
Austrian Science Fund
|
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dc.description.status |
Peer reviewed |
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dc.identifier.journaltitle |
Moral Philosophy and Politics |
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dc.internal.copyrightchecked |
No Available open-access at https://doi.org/10.1515/mopp-2018-0060 . |
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dc.internal.licenseacceptance |
Yes |
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dc.internal.IRISemailaddress |
kian.mintz-woo@ucc.ie |
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