How should we choose on behalf of groups of agents who violate expected utility theory by being risk averse or risk seeking? Unfortunately, we sometimes have to choose either acts that everyone disprefers or acts that are sure to turn out worse than another act. This observation is particularly troubling for risk-expected utility theorists: neither option sits comfortably with their view.

中文翻译：

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风险态度和社会选择

我们应该如何代表那些通过风险厌恶或风险寻求违反预期效用理论的代理人群体进行选择？不幸的是，我们有时不得不选择每个人都不喜欢的行为或肯定会比其他行为更糟糕的行为。这一观察结果对预期风险的效用理论家来说尤其令人不安：这两种选择都不符合他们的观点。