Bayesian Decision Theory
#9
The "veil of ignorance" is a somewhat flawed model for support of Rawls' position, in that (as Harsanyi apparently points out) if you were impartial, you very well might choose a social system that maximizes utility, rather than maxmin. Assuming the total utility for society was maximized (not just one kind of utility, but all kinds), then perhaps a "veiled" being would see the greater good of all being more important than the possibility that he (or someone else) would get stuck with a bad position. I think the Bayes Theorem is quite trivial to the problem, since it is nothing but a statistical model, while the actual problem is philosophical (or psychological, in a sense).

However, it has always seemed somewhat academic to me, since I'm with Adam Smith on this one: a well run system tends towards equality, and general equality tends to make a system run better. So a society which is utility-maximized with also be fairly close to pareto-optimal (though very unlikely to be Nash-optimal, since opportunism will always provide some way for a player to increase their share), with a fairly high level of equality. I think Rawls would have agreed with this position, and his critics are mostly people who believe either that this is not true, or just not necessarily true.

Jester
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Messages In This Thread
Bayesian Decision Theory - by Chaerophon - 04-09-2004, 09:02 AM
Bayesian Decision Theory - by Guest - 04-09-2004, 09:45 AM
Bayesian Decision Theory - by yangman - 04-09-2004, 10:16 AM
Bayesian Decision Theory - by Chaerophon - 04-09-2004, 11:38 AM
Bayesian Decision Theory - by kandrathe - 04-09-2004, 02:21 PM
Bayesian Decision Theory - by Jester - 04-09-2004, 03:02 PM
Bayesian Decision Theory - by Chaerophon - 04-09-2004, 04:15 PM
Bayesian Decision Theory - by Chaerophon - 04-09-2004, 04:21 PM
Bayesian Decision Theory - by Jester - 04-09-2004, 05:39 PM
Bayesian Decision Theory - by Vornzog - 04-09-2004, 07:12 PM
Bayesian Decision Theory - by Nystul - 04-09-2004, 08:55 PM
Bayesian Decision Theory - by --Pete - 04-09-2004, 09:28 PM
Bayesian Decision Theory - by Chaerophon - 04-09-2004, 09:52 PM
Bayesian Decision Theory - by Nystul - 04-10-2004, 12:05 AM
Bayesian Decision Theory - by kandrathe - 04-10-2004, 12:19 AM
Bayesian Decision Theory - by --Pete - 04-10-2004, 01:23 AM
Bayesian Decision Theory - by Chaerophon - 04-10-2004, 05:22 AM
Bayesian Decision Theory - by kandrathe - 04-10-2004, 01:45 PM
Bayesian Decision Theory - by Vornzog - 04-10-2004, 06:43 PM
Bayesian Decision Theory - by Vandiablo - 04-11-2004, 03:32 AM
Bayesian Decision Theory - by --Pete - 04-11-2004, 04:25 AM
Bayesian Decision Theory - by Vornzog - 04-11-2004, 03:18 PM
Bayesian Decision Theory - by Vandiablo - 04-11-2004, 05:07 PM
Bayesian Decision Theory - by Chaerophon - 04-29-2004, 11:09 PM

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