Three social welfare functions for a society of five persons

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Suppose you have three people who are suggesting three social welfare functions for a society of five persons. Person 1 suggests the sum of the utility of each individual (U1+U2+U3+U4+U5). Person 2 suggests using the minimum utility of each individual (the lowest of U1 through U5). Person 3 suggests multiplying the individual utilities together (U1xU2xU3xU4xU5). Now for ease of explanation, imagine society has 10 units of stuff to distribute and that each persons’ happiness is the square root of the number of things they have. Which person (1, 2 or 3), do you imagine, is the Democrat and which is the Republican, and which is the moderate and why? What can you tell about their SWFs that causes you to think that?

Reference no: EM131169303

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