That bargaining approach is indeed interesting, thanks.
On discounting, I need to read more. I’m currently looking through Pareto Principles in Infinite Ethics (other useful suggestions welcome). While I can see that a naive approach gives you divergent integrals and undefined utility, it’s not yet clear to me that there’s no approach which doesn’t (without discounting).
If time discounting truly is necessary, then of course no moral justification is required. But to the extent that that’s an open question (which in my mind, it currently is—perhaps because I lack understanding), I don’t see any purely moral justification to time discount. From an altruistic view with a veil of ignorance, it seems to arbitrarily favour some patients over others.
That lack of a moral justification motivates me to double-check that it really is necessary on purely logical/mathematical grounds.
That bargaining approach is indeed interesting, thanks.
On discounting, I need to read more. I’m currently looking through Pareto Principles in Infinite Ethics (other useful suggestions welcome). While I can see that a naive approach gives you divergent integrals and undefined utility, it’s not yet clear to me that there’s no approach which doesn’t (without discounting).
If time discounting truly is necessary, then of course no moral justification is required. But to the extent that that’s an open question (which in my mind, it currently is—perhaps because I lack understanding), I don’t see any purely moral justification to time discount. From an altruistic view with a veil of ignorance, it seems to arbitrarily favour some patients over others.
That lack of a moral justification motivates me to double-check that it really is necessary on purely logical/mathematical grounds.