No abstract

The principle of Anteriority says that prospects that are identical from the perspective of every possible person’s welfare are equally good overall. The principle enjoys prima facie plausibility, and has been employed for various theoretical purposes. Here it is shown using an analogue of the St Petersburg Paradox that Anteriority is inconsistent with central principles of axiology.

Countenancing unbounded utility in ethics gives rise to deep puzzles in formal decision theory. Here, these puzzles are taken as an invitation to assess the most fundamental principles relating probability and value, with the aim of demonstrating that unbounded utility in ethics is compatible with a desirable decision theory. The resulting theory frames further discussion of Expected Utility Theory and of principles concerning symmetries of utility.