Hi David. I would be curious to know your thoughts on my reply to titotal. In the post, “more pain” is supposed to mean “more pain, and all else equal”. If the event that leads to additional pain comes with benefits, it could overall increase welfare. In contrast, a “speck of dust in the eye” is supposed to represent something which decreases welfare very little (considering all effects).
Hi David. I would be curious to know your thoughts on my reply to titotal. In the post, “more pain” is supposed to mean “more pain, and all else equal”. If the event that leads to additional pain comes with benefits, it could overall increase welfare. In contrast, a “speck of dust in the eye” is supposed to represent something which decreases welfare very little (considering all effects).