Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059461 | Economics Letters | 2014 | 10 Pages |
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
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Authors
Osamu Mori,