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The Pareto principle saying “if everybody says X is better than Y so should the society” sounds universal when it is told in an abstract setting. Opposing it will even sound “undemocratic.” It is not obvious, however, under uncertainty. Let us see this below.

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Social Decision Making Under Uncertainty

  • 章节

  • 发表日期：

    2025年

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  • Takashi Hayashi

摘要

The Pareto principle saying “if everybody says X is better than Y so should the society” sounds universal when it is told in an abstract setting. Opposing it will even sound “undemocratic.” It is not obvious, however, under uncertainty. Let us see this below.