Market Dynamics and Technical Change
Utilitarianism is an ethical theory that suggests the best action is the one that maximizes overall happiness or utility. This principle evaluates the moral worth of an action based on its contribution to overall well-being, emphasizing a cost-benefit analysis that considers the greatest good for the greatest number. In discussions around algorithmic bias and fairness, utilitarianism serves as a foundation for assessing how decisions made by algorithms can impact societal welfare.
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