TY - JOUR
T1 - Subjective utilitarianism
T2 - Individual decisions in a social context
AU - Alon, Shiri
AU - Lehrer, Ehud
N1 - Publisher Copyright:
© 2020 Elsevier Inc.
PY - 2020/11
Y1 - 2020/11
N2 - Individual decisions are often subjectively affected by other-regarding considerations. We model a decision maker influenced by a grand group of significant others. Each sub-group of significant others is a possible social context, and the decision maker has different preferences in different social contexts. An axiomatic characterization of such preferences is offered. The characterized representation takes a simple subjective utilitarian form: (a) the decision maker ascribes to each significant other a utility function, representing the decision maker's subjective perception of this other person's tastes, and (b) in any specific social context the decision maker evaluates alternatives by adding together her or his own personal utility and the sum of all group members' utilities as subjectively perceived by the decision maker.
AB - Individual decisions are often subjectively affected by other-regarding considerations. We model a decision maker influenced by a grand group of significant others. Each sub-group of significant others is a possible social context, and the decision maker has different preferences in different social contexts. An axiomatic characterization of such preferences is offered. The characterized representation takes a simple subjective utilitarian form: (a) the decision maker ascribes to each significant other a utility function, representing the decision maker's subjective perception of this other person's tastes, and (b) in any specific social context the decision maker evaluates alternatives by adding together her or his own personal utility and the sum of all group members' utilities as subjectively perceived by the decision maker.
KW - Axiomatization
KW - Other-regarding preferences
KW - Social context
KW - Subjective utilitarianism
UR - http://www.scopus.com/inward/record.url?scp=85091599565&partnerID=8YFLogxK
U2 - 10.1016/j.jet.2020.105108
DO - 10.1016/j.jet.2020.105108
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SN - 0022-0531
VL - 190
JO - Journal of Economic Theory
JF - Journal of Economic Theory
M1 - 105108
ER -