I think it would be problematic if a society heaped full adoration on risk-takers when their risks worked out, but doled out negative social consequences (which I’ll call “shame” to track your comment) only based on ex ante expected-value analysis when things went awry. That would overincentivize risktaking.
To maintain proper incentives, one could argue that society should map the amount of public shame/adoration to the expected value of the decision(s) made in cases like this, whether the risk works out or not. However, it would be both difficult and burdensome to figure out all the decisions someone made, assign an EV to each, and then sum to determine how much public shame or adoration the person should get.
By assigning shame or adoration primarily based on the observed outcome, society administers the shame/adoration incentives in a way that at least makes the EV of public shame/adoration at least somewhat related to the EV of the decision(s) made. Unfortunately, that approach means that people whose risks don’t pan out often end up with shame that may not be morally justified.
I think it would be problematic if a society heaped full adoration on risk-takers when their risks worked out, but doled out negative social consequences (which I’ll call “shame” to track your comment) only based on ex ante expected-value analysis when things went awry. That would overincentivize risktaking.
To maintain proper incentives, one could argue that society should map the amount of public shame/adoration to the expected value of the decision(s) made in cases like this, whether the risk works out or not. However, it would be both difficult and burdensome to figure out all the decisions someone made, assign an EV to each, and then sum to determine how much public shame or adoration the person should get.
By assigning shame or adoration primarily based on the observed outcome, society administers the shame/adoration incentives in a way that at least makes the EV of public shame/adoration at least somewhat related to the EV of the decision(s) made. Unfortunately, that approach means that people whose risks don’t pan out often end up with shame that may not be morally justified.