Construct · 1 fields · 1 citations

Harsanyi's aggregation theorem: a standalone construct

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Social choice theory

the result that if individuals and society both follow expected utility and society respects unanimity, social welfare is a weighted sum of individual utilities.

In social choice theory, Harsanyi's aggregation theorem refers to the result that if individuals and society both follow expected utility and society respects unanimity, social welfare is a weighted sum of individual utilities. This meaning comes from Harsanyi (1955) in Journal of Political Economy.[1]

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Nearby constructs

veil of ignorance1 fields · 3 citationsanchor · a standalone construct follow1 fields · 1 citationsanchor · a standalone construct utility3 fields · 3 citationsjingle · one word, three constructs

References

Harsanyi, J. C. (1955). Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility. Journal of Political Economy, 63(4), 309-321. https://doi.org/10.1086/257678

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