Overview

maximin principle


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A principle of decision theory, that counsels that at least in some circumstance, the right decision is that which maximizes the minimum outcome: i.e., that which makes the worst outcome as good as can be. The principle is often described as risk-aversive. It is a key component in the influential work A Theory of Justice (1971) by Rawls. See also difference principle.

Subjects: Philosophy.


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