Article ID Journal Published Year Pages File Type
5059461 Economics Letters 2014 10 Pages PDF
Abstract
This note provides an alternative derivation of the leximin principle using the framework of Harsanyi's (1953) equi-probability model. We demonstrate that the leximin principle is concluded if and only if the preference ordering of the impartial observer obeys strong monotonicity and complete risk aversion.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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