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Decision-Making Under Ignorance with Implications for Social Choice

In: Game Theory, Social Choice and Ethics

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  • Eric Maskin

Abstract

A new investigation is launched into the problem of decision-making in the face of ‘complete ignorance’, and linked to the problem of social choice. In the first section the author introduces a set of properties which might characterize a criterion for decision-making under complete ignorance. Two of these properties are novel: ‘independence of non-discriminating states’, and ‘weak pessimism’. The second section provides a new characterization of the so-called principle of insufficient reason. In the third part, lexicographic maximin and maximax criteria are characterized. Finally, the author’s results are linked to the problem of social choice.

Suggested Citation

  • Eric Maskin, 1979. "Decision-Making Under Ignorance with Implications for Social Choice," Springer Books, in: H. W. Brock (ed.), Game Theory, Social Choice and Ethics, pages 319-337, Springer.
    • Handle: RePEc:spr:sprchp:978-94-009-9532-1_9
    DOI: 10.1007/978-94-009-9532-1_9
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