Library Header Image
LSE Research Online LSE Library Services

Assessing risky social situations

Fleurbaey, Marc (2010) Assessing risky social situations. Journal of Political Economy, 118 (4). pp. 649-680. ISSN 0022-3808

Full text not available from this repository.
Identification Number: 10.1086/656513


This paper reexamines the welfare economics of risk. It singles out a class of criteria, the “expected equally distributed equivalent,” as the unique class that avoids serious drawbacks of existing approaches. Such criteria behave like ex post criteria when the final statistical distribution of well-being is known ex ante and like ex ante criteria when risk generates no inequality. The paper also provides a new result on the tension between inequality aversion and respect of individual ex ante preferences, in the vein of Harsanyi’s aggregation theorem.

Item Type: Article
Official URL:
Additional Information: © 2010 The University of Chicago
Divisions: Philosophy, Logic and Scientific Method
Subjects: H Social Sciences > H Social Sciences (General)
Date Deposited: 27 Oct 2014 13:36
Last Modified: 02 Jul 2024 05:27

Actions (login required)

View Item View Item