The Mathews v. Eldridge balancing test is a legal standard used by courts to determine whether an individualโs due process rights have been violated, especially in the context of administrative actions. It weighs three key factors: the private interest affected, the risk of an erroneous deprivation of that interest, and the governmental interest involved in the procedure being challenged. This test is significant in ensuring that individuals receive fair treatment before the government deprives them of life, liberty, or property.