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Sorry to say, but your observation is wrong. They do make explicit statements about the utility of enjoying the arts: > They each expect to experience €6,000,0
by nkmnz 1y ago
Sorry to say, but your observation is wrong. They do make explicit statements about the utility of enjoying the arts:
> They each expect to experience €6,000,000 worth of individual utility from enjoying the additional €9,000,000 of art.
> Net social welfare:
> Total Utility = 3 × €6,000,000 = €18,000,000
...just to go ahead and to deny any relevancy of the utility of saved lives:
> the three contributors don’t experience that utility (other than feeling good about those lives being saved, but that’s not the kind of utility we’re trying to maximize).