Are there ways of effectively truncating one's well-being function (establishing a clear welfare floor) that are not suicide?
Basically if everyone had a strictly positive utility function truncated at 0, are there reasons to think everyone wouldn't be better off?
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This is the classic Becker/Posner paper that outlines the theory http://storage.globalcitizen.net/data/topic/knowledge/uploads/2009051911410705.pdf …
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But it doesn't examine what might happen to social structures of people that choose to all have truncated utility functions.
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@AvengingRedHand The idea here is that we each measure our own utility, as in revealed preference. Just need to compare it to 0. - 6 more replies
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