maximin

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maximin

(ˈmæksɪˌmɪn)
n
1. (Mathematics) maths the highest of a set of minimum values
2. (Mathematics) (in game theory, etc) the procedure of choosing the strategy that most benefits the least advantaged member of a group. Compare minimax
[C20: from maxi(mum) + min(imum)]
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6%) and two Rawls' maximins ABC and A-B-C (chosen by 5.
Utilitarian principle, for instance, assumes cardinal utilities and a common unit of measurement, while Rawls' lexicographic maximin assumes ordinal utilities and full comparability of utility levels among all individuals (see Kern 1978; Lissowski 1986; Sen 1974).
We begin with two standard Rawlsian principles - Rawls' maximin and leximin.
The rule behind the Rawls' maximin (MR) is to maximize the utility of the worst-off person; in our case, it would be the juror(s) whose preference is the most distant one from the social choice order.
Again, each leximin solution is also a maximin solution, and so, LR [subset or equal to] MR.