Asked by Mitchel Rozwadowski on Jun 24, 2024
Verified
The maximin criterion is the idea that the government should aim to maximize the well-being of the worst-off person in society.
Maximin Criterion
A decision rule used under uncertainty, focusing on maximizing the minimum payoff or outcome.
Worst-off Person
Refers to an individual in a group or society who has the lowest welfare, income, or standard of living, often considered in discussions of equity and distributive justice.
- Investigate the maximin principle and its consequences for policies on the distribution of income.
Verified Answer
ZK
Zybrea KnightJul 01, 2024
Final Answer :
True
Explanation :
The maximin criterion, associated with the philosopher John Rawls, suggests that social and economic inequalities should be arranged so that they are to the greatest benefit of the least advantaged members of society, effectively aiming to maximize the welfare of the worst-off individual.
Learning Objectives
- Investigate the maximin principle and its consequences for policies on the distribution of income.
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