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This is a horrible take. Huemer dismisses the risk way too quickly despite risk being a tremendous, possibly most important, concern in microeconomics. The goal
by slaymaker1907 4y ago
This is a horrible take. Huemer dismisses the risk way too quickly despite risk being a tremendous, possibly most important, concern in microeconomics. The goal is still to maximize utility, but subject to certain constraints within a certain level of risk tolerance. I'm not sure why this would be so controversial within the realm of ethics when it is widely accepted in economics.
Maximin is also pretty widely accepted in software engineering (though modified to use percentiles) since the 99th percentile response time is much more important than the average response time.