Building on a couple of throwaway items in my last post, I am happy to report that the Mitt Romney Philosophy Project is off to a great start.
We have so far the following:
(1) Maximax: welfarist social welfare function that accords absolute priority to increasing the single best-off individual's
This term can actually be found here in the decision literature: "In decision theory, the optimistic (aggressive) decision making rule under conditions of uncertainty. It states that the decision maker should select the course of action whose best (maximum) gain is better than the best gain of all other courses of action possible in given circumstances."