Principled utility discounting under risk

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dc.contributor.author Mintz-Woo, Kian
dc.date.accessioned 2020-09-01T09:17:04Z
dc.date.available 2020-09-01T09:17:04Z
dc.date.issued 2019-05-02
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 en
dc.identifier.volume 6 en
dc.identifier.issued 1 en
dc.identifier.startpage 89 en
dc.identifier.endpage 112 en
dc.identifier.issn 2194-5616
dc.identifier.uri http://hdl.handle.net/10468/10423
dc.identifier.doi 10.1515/mopp-2018-0060 en
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. en
dc.description.sponsorship Austrian Science Foundation (FWF, under research grant W 1256-G15 (Doctoral Programme Climate Change—Uncertainties,Thresholds and Coping Strategies)) en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher De Gruyter en
dc.relation.uri https://doi.org/10.1515/mopp-2018-0060
dc.rights © 2019 Mintz-Woo, published by De Gruyter. This work is licensed under the Creative Commons Attribution 4.0 Public License. en
dc.rights.uri https://creativecommons.org/licenses/by/4.0/ en
dc.subject Climate change en
dc.subject Decision-making under risk en
dc.subject Discounted utilitarianism en
dc.subject International justice en
dc.subject Overdemandingness en
dc.subject Utility discount rate en
dc.title Principled utility discounting under risk en
dc.type Article (peer-reviewed) en
dc.internal.authorcontactother Kian Mintz-Woo, Philosophy, University College Cork, Cork, Ireland. +353-21-490-3000 Email: kian.mintz-woo@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2020-08-26T15:53:01Z
dc.description.version Published Version en
dc.internal.rssid 534216364
dc.contributor.funder Austrian Science Fund en
dc.description.status Peer reviewed en
dc.identifier.journaltitle Moral Philosophy and Politics en
dc.internal.copyrightchecked No Available open-access at https://doi.org/10.1515/mopp-2018-0060 .
dc.internal.licenseacceptance Yes en
dc.internal.IRISemailaddress kian.mintz-woo@ucc.ie en


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© 2019 Mintz-Woo, published by De Gruyter. This work is licensed under the Creative Commons Attribution 4.0 Public License. Except where otherwise noted, this item's license is described as © 2019 Mintz-Woo, published by De Gruyter. This work is licensed under the Creative Commons Attribution 4.0 Public License.
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