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Oct 23, 2023

Maximin ?

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Oct 23, 2023
Maximin is a decision-making criterion that focuses on minimizing the maximum possible loss or regret. It is commonly used in game theory and decision analysis to evaluate strategies or options. The maximin criterion assumes that the decision-maker is risk-averse and wants to avoid the worst possible outcome. By selecting the option with the highest minimum payoff or outcome, the decision-maker aims to minimize potential losses or regrets.
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