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Value Change, Energy Systems, and Rational Choice: The Expected Center of Gravity Principle

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Abstract

The values that will govern choices among future energy systems are unlikely to be the same as the values we embrace today. This paper discusses principles of rational choice for agents expecting future value shifts. How do we ought to reason if we believe that some values are likely to change in the future? Are future values more, equally, or less important than present ones? To answer this question, I propose and discuss the Expected Center of Gravity Principle, which articulates what I believe to be a reasonable compromise between present and future values.

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Notes

  1. There is a separate literature on preference change, in which past preferences are sometimes thought to matter. (See Strohmaier & Messerli 2022 for an overview.) Preferences are commonly defined as choice dispositions that are “revealed” in choices, whereas values are not always individual as they may depend on attitudes of larger groups (say, society as a whole), or may even be mind-independent (as some moral realists would have it). If past preferences matter, we could expect agents whose current preferences are identical to sometimes choose differently because of their past preferences.

  2. The taxonomy of different types of values can be enriched by instead distinguishing between intrinsic and extrinsic values, and also between final and instrumental ones. See Korsgaard (1983) and Rabinowicz and Rønnow-Rasmussen (2000)

  3. See Korsgaard (1983) and Rabinowicz and Ronnow-Rasmussen (2000).

  4. For an overview of different accounts of value, see Schroeder (2008).

  5. In physics, the center of gravity of an object is an imaginary point where the total weight can be thought to be concentrated in order to simplify calculations. In this paper I use the term “center of gravity” in a metaphorical sense.

  6. The factual claims in this section are partly based on Teskeviciene and Harrison (2007).

  7. The first reactor was closed in 2004 and the second in 2009.

  8. Pancevski (2022).

  9. For an introduction, see the classic textbook by Kruskal and Wish (1978).

  10. Harsanyi (1955). For a summary of Harnsanmyi’s technical result, see Peterson (2017).

  11. Rawls (1971, p. 266).

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Peterson, M. Value Change, Energy Systems, and Rational Choice: The Expected Center of Gravity Principle. Sci Eng Ethics 29, 13 (2023). https://doi.org/10.1007/s11948-023-00436-2

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