Infinite Aggregation and Risk.

Aggregative theories of moral value have difficulty in ranking worlds that each contain infinitely many valuable events. And, although there are several existing proposals for doing so, few provide a cardinal measure of each world's value. This raises the even greater challenge of ranking lotteries...

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Publicado en:Australasian Journal of Philosophy Vol. 101; no. 2; pp. 340 - 360
Autor principal: Wilkinson, Hayden
Formato: Artículo
Publicado: Taylor & Francis Ltd Jun2023
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Acceso en línea:Ver este registro en EBSCOhost
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        atl: Infinite Aggregation and Risk.
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        au: Wilkinson, Hayden
        affil: Australian National University
      su:
        Axioms
        Values (Ethics)
        Lotteries
        Decision theory
        Ranking
      sug:
        subj:
          Axioms
          Values (Ethics)
          Lotteries
          Decision theory
          Ranking
      keyword:
        aggregation
        ex ante Pareto
        expected value theory
        infinite utility streams
        infinite value
        stochastic dominance
      ab: Aggregative theories of moral value have difficulty in ranking worlds that each contain infinitely many valuable events. And, although there are several existing proposals for doing so, few provide a cardinal measure of each world's value. This raises the even greater challenge of ranking lotteries over such worlds: without cardinal values, we cannot apply expected value theory. How, then, can we compare such lotteries? To date, we have just one method for doing so (proposed separately by Arntzenius, Bostrom, and Meacham), which is to compare the prospects for value at each individual location, and then to represent and compare lotteries by their expected values at each of those locations. But, as I show here, this approach violates several key principles of decision theory and generates some implausible verdicts. I propose an alternative—one that delivers plausible rankings of lotteries, which is implied by a plausible collection of axioms, and that can be applied alongside almost any ranking of infinite worlds.
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    language: English
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