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Utility, Humans have a trait, Challenges, Jeremy Bentham, (Individual),…
Utility
Three principles
Making choices fully informed
Honest and correct depiction of preference
Individuals express their choices in some units (utils)
What is it?
Measure objectively (Unit of measure)
Humans have a trait
Avoid pain
Seek pleasure
NET effect/benefit
Challenges
Time taken to assimilate information
What about those who loose out
Jeremy Bentham
How to deal with Individualism Vs Government
(Individual)
Total of Individual = Society
Those that with higher utility values are chosen
Comes from majority rule
Democratic process
Take care of the minority in the US
Bill of rights - Minimum level of rights for every citizen
People maximizes
:arrow_right: Utility
Greater societal good / Net benefit
:arrow_right_hook:
Fundamental rights in Sri Lanka