#utilitarian_rule
Utilitarian rule
Decision rule of maximizing utility
In social choice and operations research, the utilitarian rule is a rule saying that, among all possible alternatives, society should pick the alternative which maximizes the sum of the utilities of all individuals in society. It is a formal mathematical representation of the utilitarian philosophy, and is often justified by reference to Harsanyi's utilitarian theorem or the Von Neumann–Morgenstern theorem.
Mon 3rd
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