Wiktionary
n. (context philosophy English) The view that the goodness of an outcome is a function of overall well-being across all individuals, with extra weight given to those who are worse off.
Wikipedia
Prioritarianism or the priority view is a view within ethics and political philosophy that holds that the goodness of an outcome is a function of overall well-being across all individuals with extra weight given to worse-off individuals. Prioritarianism thus resembles utilitarianism. Indeed, like utilitarianism, prioritarianism is a form of aggregative consequentialism; however, it differs from utilitarianism in that it does not rank outcomes solely on the basis of overall well-being.
The term "prioritarianism" was coined by moral philosopher Larry Temkin in an effort to explicate the theory's non-egalitarian form. Richard Arneson, a proponent of the view, offers the following precise formulation:
Prioritarianism holds that the moral value of achieving a benefit for an individual (or avoiding a loss) is greater, the greater the size of the benefit as measured by a well-being scale, and greater, the lower the person's level of well-being over the course of her life apart from receipt of this benefit.
Like utilitarians, prioritarians believe in maximizing moral value or goodness, with the proviso that the latter consists in more than just overall well-being. Prioritarianism says that benefits to the worse off matter more than benefits to the better off.