I see. Thanks for the patience. I could equally say that an intervention leads to a distribution for the future welfare whose minimum value W_min has probability p, and that inaction decreases it by 1 with probability 50 %, and increases it by 1 with probability 50 %, thus implying a minimum future welfare of W_min − 1 with probability 0.5*p. This is the exact opposite of what I concluded above, and suggests the lowest possible future welfare of W_min − 1 would be lower and more likely with inaction.
I agree both models are wrong. I cannot assume that the change in future welfare caused by the intervention is independent from the future welfare under inaction (as I did in my past comments), or that the change in future welfare caused by inaction is independent from the future welfare caused by the intervention (as I did just above).
Unless you believe the expected amount of wild animal suffering is higher all-things-considered than with inaction, you shouldn’t really expect it to do worse according to “Avoiding the worst” risk aversion (as a heuristic; there could be exceptions).
I agree that increasing welfare in expectation is a good heuristic for better performance under “avoiding the worst” risk aversion. I have very little idea about whether cage-free campaigns for laying hens increase or decrease welfare in expectation. So I do not know whether they are favoured or not under “avoiding the worst” risk aversion. They are still disfavoured under difference-making and ambiguity risk aversion, and this could make them worse than inaction. In addition, they may be worse than inaction under no risk aversion of any type.
In your model and your answers here, just replace inaction with campaign and campaign with inaction.
I see. Thanks for the patience. I could equally say that an intervention leads to a distribution for the future welfare whose minimum value W_min has probability p, and that inaction decreases it by 1 with probability 50 %, and increases it by 1 with probability 50 %, thus implying a minimum future welfare of W_min − 1 with probability 0.5*p. This is the exact opposite of what I concluded above, and suggests the lowest possible future welfare of W_min − 1 would be lower and more likely with inaction.
I agree both models are wrong. I cannot assume that the change in future welfare caused by the intervention is independent from the future welfare under inaction (as I did in my past comments), or that the change in future welfare caused by inaction is independent from the future welfare caused by the intervention (as I did just above).
I agree that increasing welfare in expectation is a good heuristic for better performance under “avoiding the worst” risk aversion. I have very little idea about whether cage-free campaigns for laying hens increase or decrease welfare in expectation. So I do not know whether they are favoured or not under “avoiding the worst” risk aversion. They are still disfavoured under difference-making and ambiguity risk aversion, and this could make them worse than inaction. In addition, they may be worse than inaction under no risk aversion of any type.