Policy evaluation under severe uncertainty:a cautious, egalitarian approach

Voorhoeve, AlexORCID logo (2021) Policy evaluation under severe uncertainty:a cautious, egalitarian approach. In: The Routledge Handbook of Philosophy of Economics. Routledge Handbooks in Philosophy . Routledge, Abingdon, UK, 467 - 479. ISBN 9781138824201
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In some severely uncertain situations, as exemplified by climate change and novel pandemics, policymakers lack a reasoned basis for assigning probabilities to the possible outcomes of the policies they must choose between. I outline and defend an uncertainty-averse, egalitarian approach to policy evaluation in these contexts. The upshot is a theory of distributive justice that offers especially strong reasons to guard against individual and collective misfortune.

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