Panel Discussion of the von Neumann and Morgenstern cardinalisation of wellbeing

The von Neumann and Morgenstern framework is frequently adopted to determine a numerical measure of individual wellbeing or goodness, i.e. of how good the realisation of different possible states of affairs would be for an individual. It is also sometimes used to determine a measure of social wellbeing or of the moral (overall) goodness of different states of affairs. The panel will debate the appropriateness of these uses of the von Neumann and Morgenstern framework and in particular whether the measure it determines best represents individual and moral goodness.

Panel: Matt Adler, Richard Bradley, Johanna Thoma and Alex Voorhoeve