Expected Utility theory and the tyranny of catastrophic risks

Expected Utility theory is not only applied to individual choices but also to ethical decisions, e.g. in cost-benefit analysis of climate change policy measures that affect future generations. In this context the crucial question arises whether EU theory is able to deal with 'catastrophic risks', i.e. risks of high, but very unlikely losses, in an ethically appealing way. In this paper we show that this is not the case. Rather, if in the framework of EU theory a plausible level of risk aversion is assumed, a 'tyranny of catastrophic risk' (TCR) emerges, i.e. project evaluation may be dominated by the catastrophic event even if its probability is negligibly small. With low degrees of risk aversion, however the catastrophic risk eventually has no impact at all when its probability goes to zero which is ethically not acceptable as well. --utilitarianism,Expected Utility theory,catastrophic risks

Intertemporal evaluation criteria for climate change policy: the basic ethical issues

The evaluation of long-term effects of climate change in cost-benefit analysis has a long tradition in environmental economics. Since the publication of the Stern Review in 2006 the debate about the 'appropriate' discounting of future welfare and utility levels was revived and the most renowned scholars of the profession participated in this debate. But it seems that some contributions dealing with the Stern Review and the Review itself mixed up normative and positive issues to defend the own position. Furthermore, as we argue in this contribution, it also seems that the debate misses the heart of the problem. The aim of this work is to bring together economic and philosophical reasoning about justice and intergenerational equity in the context of climate change. So we adopt the normative view in order to present the most important ethical issues that, particularly in the context of climate policy, are most relevant for the choice of intertemporal welfare criteria. Subsequently we explore whether ethical considerations may also be helpful to determine the parameter values (or at least to delimit their range) which, after the choice of some type of intertemporal social welfare function, are needed to specify the concrete criterion that is employed to make decisions on climate policy. --Intertemporal ethics,Distribution,Discounting,Climate Change

Family as challenge: Contexts of adequate counselling

Das familiäre Standardmodell – zwei Erwachsene verschiedenen Geschlechts mit zwei Kindern verschiedenen Geschlechts – hat längst Konkurrenzen bekommen. Neben diesem soziologischen Kontext konzentriert sich der Aufsatz auf die inneren Kontexte der familientherapeutischen Gesprächssituation und hebt hier insbesondere die Prozessphantasien hervor. Weiter wird auf die Rolle der Metapher hingewiesen, für die sich zu sensibilisieren eine Voraussetzung guter therapeutischer Gesprächsführung wird. Hinweise, wie mit Metaphern in Familien gearbeitet werden kann, werden gegeben. Drei ausführliche Transkripte familientherapeutischer Sitzungen werden präsentiert.(DIPF/Orig.)We live in a world of competing family models of which the standard model – two adults of different sex with two children of different sex – is only one among many others. Besides this sociocultural context this article focusses on the inner contexts of familytherapeutic dialogues. Processphantasies and the role of metaphor are underlined. This articles gives clinical advice how to carefully listen to the use of metaphors by family members and how to deal with them. Three extended transkripts of family sessions are presented.(DIPF/Orig.

How can pure social discounting be ethically justified?

The evaluation of long-term effects of climate change in cost-benefit analysis has a long tradition in environmental economics. Since the publication of the Stern Review in 2006 the debate about the "appropriate" discounting of future welfare and utility levels was revived and the most renowned scholars of the profession participated in this debate. In two recent contributions in Environmental and Resource Economics, there was dispute about intertemporal welfare economics between Partha Dasgupta and John Roemer about the correct interpretation of the topic. The aim of this work is to bring together economic and philosophical reasoning about justice and intergenerational equity in the context of climate change. So we adopt the normative view in order to present the most important ethical issues that, particularly in the context of climate policy, are most relevant for the choice of intertemporal discounting. Subsequently we explore whether ethical considerations may also be helpful to justify pure social discounting per se

Kinetic-Energy Density-Functional Theory on a Lattice

We present a kinetic-energy density-functional theory and the corresponding kinetic-energy Kohn-Sham (keKS) scheme on a lattice and show that by including more observables explicitly in a density-functional approach already simple approximation strategies lead to very accurate results. Here we promote the kinetic-energy density to a fundamental variable along side the density and show for specific cases (analytically and numerically) that there is a one-to-one correspondence between the external pair of on-site potential and site-dependent hopping and the internal pair of density and kinetic-energy density. Based on this mapping we establish two unknown effective fields, the mean-field exchange-correlation potential and the mean-field exchange-correlation hopping, that force the keKS system to generate the same kinetic-energy density and density as the fully interacting one. We show, by a decomposition based on the equations of motions for the density and the kinetic-energy density, that we can construct simple orbital-dependent functionals that outperform the corresponding exact-exchange Kohn-Sham (KS) approximation of standard density-functional theory. We do so by considering the exact KS and keKS systems and compare the unknown correlation contributions as well as by comparing self-consistent calculations based on the mean-field exchange for the keKS and the exact-exchange for the KS system, respectively

Intertemporal evaluation criteria for climate change policy : the basic ethical issues

The evaluation of long-term effects of climate change in cost-benefit analysis has a long tradition in environmental economics. Since the publication of the Stern Review in 2006 the debate about the "appropriate" discounting of future welfare and utility levels was revived and the most renowned scholars of the profession participated in this debate. But it seems that some contributions dealing with the Stern Review and the Review itself mixed up normative and positive issues to defend the own position. Furthermore, as we argue in this contribution, it also seems that the debate misses the heart of the problem. The aim of this work is to bring together economic and philosophical reasoning about justice and intergenerational equity in the context of climate change. So we adopt the normative view in order to present the most important ethical issues that, particularly in the context of climate policy, are most relevant for the choice of intertemporal welfare criteria. Subsequently we explore whether ethical considerations may also be helpful to determine the parameter values (or at least to delimit their range) which, after the choice of some type of intertemporal social welfare function, are needed to specify the concrete criterion that is employed to make decisions on climate policy