Why should morality be based on group decision-making principles? Why should I care about VNM rationality of the group?
I’ve retracted my previous reply. The original 2nd condition is different from ex ante Pareto; it’s just vNM rationality with respect to outcomes for social/ethical preferences/views and it says nothing about the relationship between individual preferences and social/ethical ones. It’s condition 3 that connects individual vNM utility and social/ethical vNM utility.
I’ve retracted my previous reply. The original 2nd condition is different from ex ante Pareto; it’s just vNM rationality with respect to outcomes for social/ethical preferences/views and it says nothing about the relationship between individual preferences and social/ethical ones. It’s condition 3 that connects individual vNM utility and social/ethical vNM utility.