Comparing Interpersonal Comparisons in Utility Theory and Happiness Research |
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Authors: | Stefan Mann |
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Institution: | 1.Pf?ffikon,Switzerland |
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Abstract: | Social scientists are reluctant to make explicit interpersonal comparisons of well-being. However, implicit comparisons are
made on a surprisingly regular basis. These comparisons are based on the wealth and the Kaldor–Hicks concept in utility theory
and on self-reported well-being in happiness research. Taking a utilitarian stance, this paper tests the ethical foundations
of both principles. While self-reported well-being serves as an acceptable proxy for utilitarian decision-making, the Kaldor–Hicks
concept does not appear so. Implications for evaluating policies are outlined.
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Keywords: | Quality of life Utilitarianism Equality Pareto principle |
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