More on Harsanyi's utilitarian cardinal welfare theorem |
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Authors: | K C Border |
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Institution: | (1) Division of the Humanities and Social Sciences, California Institute of Technology, 91125 Pasadena, CA, USA |
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Abstract: | If individuals and society both obey the expected utility hypothesis and social alternatives are uncertain, then the social utility must be a linear combination of the individual utilities, provided the society is indifferent when all its members are. This result was first proven by Harsanyi 4] who made implicit assumptions in the proof not actually needed for the result (see 5]). This note presents a straightforward proof of Harsanyi's theorem based on a separating hyperplane argument.I wish to thank Stephen Selinger for pointing out Resnick's argument to me and W. A. J. Luxemburg for a useful discussion which simplified the argument |
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