Two Models of Agent-Centered Value

The consequentializing project relies on agentcentered value, but many philosophers find the idea incomprehensible or incoherent. Discussions of agent-centered value often model it with a theory that assigns distinct better-than rankings of states of affairs to each agent, rather than assigning a single ranking common to all. A less popular kind of model uses a single ranking, but takes the value-bearing objects to be properties rather than states of affairs. There are rhetorical, presentational differences between these kinds of models, but are there also structural differences? Do the two kinds of models differ in their capacity to represent normative theories? Despite an initial appearance of equivalence, the two kinds of models are different. The single ranking of properties has greater representational power; its representations contain more information. The main question I address in this article is whether this extra information is useful, in the sense that it distinguishes between normative views that we think are really different, or whether it is just junk information.