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Maximin Rule - Economics Dictionary of Arguments | |||
Maximin rule: The maximin rule is a decision-making rule that selects the alternative with the highest minimum payoff. It is a risk-averse rule, meaning that it is designed to minimize the possibility of a bad outcome._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Rawls, John | Maximin Rule | Rawls, John | |
Ed. Martin Schulz, access date 2024-04-26 |