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In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for the affected individuals. [1] [2] In other words, utilitarian ideas encourage actions that lead to the greatest good for the greatest number.
Act utilitarianism is a utilitarian theory of ethics that states that a person's act is morally right if and only if it produces the best possible results in that specific situation. Classical utilitarians, including Jeremy Bentham , John Stuart Mill , and Henry Sidgwick , define happiness as pleasure and the absence of pain.
In economics, utility is a measure of a certain person's satisfaction from a certain state of the world. Over time, the term has been used with at least two meanings. In a normative context, utility refers to a goal or objective that we wish to maximize, i.e., an objective function.
Cardinal utility has been implicitly assumed in decision theory ever since Daniel Bernoulli's analysis of the St. Petersburg paradox. Rigorous mathematical theories of cardinal utility (with application to risky decision making) were developed by Frank P. Ramsey, Bruno de Finetti, von Neumann and Morgenstern, and Leonard Savage. However, in ...
Lexical threshold" negative utilitarianism says that there is some disutility, for instance some extreme suffering, such that no positive utility can counterbalance it. [24] 'Consent-based' negative utilitarianism is a specification of lexical threshold negative utilitarianism, which specifies where the threshold should be located.
Utilitarianism is an 1861 essay written by English philosopher and economist John Stuart Mill, considered to be a classic exposition and defense of utilitarianism in ethics. It was originally published as a series of three separate articles in Fraser's Magazine in 1861 before it was collected and reprinted as a single work in 1863. [ 1 ]
Two-level utilitarianism is virtually a synthesis of the opposing doctrines of act utilitarianism and rule utilitarianism. Act utilitarianism states that in all cases the morally right action is the one which produces the most well-being, whereas rule utilitarianism states that the morally right action is the one that is in accordance with a ...
Preference utilitarianism (also known as preferentialism) is a form of utilitarianism in contemporary philosophy. [1] Unlike value monist forms of utilitarianism, preferentialism values actions that fulfill the most personal interests for the entire circle of people affected by said action.