If you judge the Pareto goodness of the state “Adam has the card” by all its possible futures, then no future can be a strict Pareto improvement, right? That seems like a drawback of using the term in this way.
I’m not sure why you think I’m doing that. I’m judging based on the assets people have and the affordances they grant.
In another thought experiment, we would say that money has no intrinsic value beyond what it can buy people. But if Adam gives all his money to Beth, who uses it to buy something, we probably wouldn’t say this is a Pareto improvement on the basis that Adam’s only lost something he doesn’t intrinsically value.
If you judge the Pareto goodness of the state “Adam has the card” by all its possible futures, then no future can be a strict Pareto improvement, right? That seems like a drawback of using the term in this way.
I’m not sure why you think I’m doing that. I’m judging based on the assets people have and the affordances they grant.
In another thought experiment, we would say that money has no intrinsic value beyond what it can buy people. But if Adam gives all his money to Beth, who uses it to buy something, we probably wouldn’t say this is a Pareto improvement on the basis that Adam’s only lost something he doesn’t intrinsically value.