Economic Decisions and Social Preferences - in honour of Philippe Mongin

26.11.2021 - 28.11.2021

Venue: University of Paris Dauphine, Paris

Economic Decisions and Social Preferences - in honour of Philippe Mongin (26-28 November, 2021) will focus on three topics in normative economics:

(a)  Individual decisions under uncertainty:  How should rational agents make choices in an unpredictable environment ?

(b)  Social welfare evaluation :  What is the best way to aggregate the utility functions of different individuals into social decisions ?  How should we implement norms of social justice, fairness and egalitarianism ?

(c)   Social decisions under uncertainty :  This combines topics (a) and (b) :  how should a group of individuals make rational collective choices in an unpredictable environment ?  In addition to aggregating their utility functions, we must now aggregate their potentially different beliefs and different attitudes towards risk.  We must also manage a possible conflict between applying norms of fairness and equality before the resolution of uncertainty, and applying these norms after the resolution of uncertainty.

 

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