Consistent updating of social welfare functions

@article{Hayashi2016ConsistentUO,
  title={Consistent updating of social welfare functions},
  author={T. Hayashi},
  journal={Social Choice and Welfare},
  year={2016},
  volume={46},
  pages={569-608}
}
  • T. Hayashi
  • Published 2016
  • Economics, Computer Science
  • Social Choice and Welfare
It is one of the central doctrines for ‘rational’ decision making that an agent should be forward-looking and not be bound by bygones. We argue that this is not an appealing principle for collective decision making, and that bygones have necessary and substantive roles. We consider an explicitly dynamic process of social welfare orderings, and propose a dynamic constraint which is acceptable even after rejecting the principle that one should be forward-looking. It is a conjunction of two… Expand
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