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What's the difference between 1 and 2? If we're being selfish then surely we just want to experience the most pleasurable emotional states. I would read "values" as an individual strategy for achieving this. Then, being unselfish is valuing the emotional states of everyone equally... ...so long as they are capable of experiencing equally pleasurable emotions, which may be untestable.

Note: just re-read OP, and I'm thinking about integrating over instantaneous hedons/utilons in time and then maximising the integral, which it didn't seem like the OP did.