Social Welfare Functions Can Be Formed in Many Ways

question 13

Essay

Social welfare functions can be formed in many ways.They can be additive,meaning that the all utilities curves are added together.They incorporate the idea of least-best,meaning that the utility of the person with the least is maximized.If you were a central planner for an economy,what type of social welfare function would you create?

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Definitions:

Papez

a reference to James Papez and the Papez circuit, a neural circuit proposed as the basis for emotional experiences.

Emotional Expression

The process of conveying one's feelings or emotions through facial expressions, gestures, posture, and vocal inflections.

Emotion Meaning

The interpretation and significance attributed to various emotional experiences, which can vary greatly across individuals and cultures.

To Move

To change position or proceed in a specified direction; it also involves the physiologic and psychological mechanisms that enable physical displacement.