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URN to cite this document: urn:nbn:de:bvb:703-epub-7659-0
Title data
Thoma, Johanna:
Merely Means Paternalist? Prospect Theory and “Debiased” Welfare Analysis.
In: Philosophy of Science.
Vol. 91
(2024)
Issue 1
.
- pp. 204-224.
ISSN 0031-8248
DOI der Verlagsversion: https://doi.org/10.1017/psa.2023.106
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Abstract
Behavioral welfare economics usually aims at mere means paternalism, helping agents better pursue their own goals. This paper discusses one initially promising way to inform policies addressed at agents who violate expected utility theory (EUT), namely what I call “CPT debiasing.” I argue that this approach is problematic even if we grant the normative authority of EUT, the descriptive adequacy of CPT (cumulative prospect theory), and the general acceptability of means paternalism. First, it is doubtful whether the CPT utility function measures what its proponents intend. Second, by imposing risk neutrality on agents, the approach involves a more problematic paternalism.
Further data
| Item Type: | Article in a journal |
|---|---|
| DDC Subjects: | 100 Philosophy and psychology > 100 Philosophy |
| Institutions of the University: | Faculties > Faculty of Cultural Studies > Department of Philosophy > Chair Ethics > Chair Ethics - Univ.-Prof. Dr. Johanna Thoma Faculties Faculties > Faculty of Cultural Studies Faculties > Faculty of Cultural Studies > Department of Philosophy Faculties > Faculty of Cultural Studies > Department of Philosophy > Chair Ethics |
| Language: | English |
| Originates at UBT: | Yes |
| URN: | urn:nbn:de:bvb:703-epub-7659-0 |
| Date Deposited: | 28 Mar 2024 08:25 |
| Last Modified: | 28 Mar 2024 08:26 |
| URI: | https://epub.uni-bayreuth.de/id/eprint/7659 |
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