Utilitarian rule

In social choice and operations research, the utilitarian rule (also called the max-sum rule) is a rule saying that, among all possible alternatives, society should pick the alternative which maximizes the sum of the utilities of all individuals in society.[1]: sub.2.5  It is a formal mathematical representation of the utilitarian philosophy, and is often justified by reference to Harsanyi's utilitarian theorem or the Von Neumann–Morgenstern theorem.

  1. ^ Moulin, Hervé (2003). Fair division and collective welfare. Cambridge, Mass.: MIT Press. ISBN 978-0-262-13423-1.