Minimax - Maximin in Philosophy

Maximin in Philosophy

In philosophy, the term "maximin" is often used in the context of John Rawls's A Theory of Justice, where he refers to it (Rawls (1971, p. 152)) in the context of The Difference Principle. Rawls defined this principle as the rule which states that social and economic inequalities should be arranged so that "they are to be of the greatest benefit to the least-advantaged members of society". In other words, an unequal distribution can be just when it maximizes the mininum benefit to those who have the lowest allocation of welfare-conferring resources (which he refers to as "primary goods").

Read more about this topic:  Minimax

Famous quotes containing the word philosophy:

    A cosmic philosophy is not constructed to fit a man; a cosmic philosophy is constructed to fit a cosmos. A man can no more possess a private religion than he can possess a private sun and moon.
    Gilbert Keith Chesterton (1874–1936)