giving greater weight to worse states is basically asserting that they are mistaken for not being more risk-averse.
I was thinking that it’s not just a matter of risk aversion, because regular utilitarianism would also favor helping the person with a terrible life if doing so were cheap enough. The perverse behavior of the ex ante view in my example comes from the concave f function.
Interesting. :)
I was thinking that it’s not just a matter of risk aversion, because regular utilitarianism would also favor helping the person with a terrible life if doing so were cheap enough. The perverse behavior of the ex ante view in my example comes from the concave f function.