TY - JOUR
T1 - Maximin, Leximin, and the Protective Criterion: Characterizations and Comparisons
AU - Barberà, Salvador
AU - Jackson, Matthew
PY - 1988/10
Y1 - 1988/10
N2 - In this paper we characterize maximin, leximin, and the protective criterion. In particular, we provide a new proof for a classical characterization of maximin, we provide a new characterization of leximin, and we define and characterize a new variant of maximin: the protective criterion. The decision criteria are considered and compared in both a game agains nature framework and a social welfare framework. © 1988.
AB - In this paper we characterize maximin, leximin, and the protective criterion. In particular, we provide a new proof for a classical characterization of maximin, we provide a new characterization of leximin, and we define and characterize a new variant of maximin: the protective criterion. The decision criteria are considered and compared in both a game agains nature framework and a social welfare framework. © 1988.
U2 - 10.1016/0022-0531(88)90148-2
DO - 10.1016/0022-0531(88)90148-2
M3 - Article
SN - 0022-0531
VL - 46
SP - 34
EP - 44
JO - Journal of Economic Theory
JF - Journal of Economic Theory
IS - 1
ER -