Definitions
from The American Heritage® Dictionary of the English Language, 4th Edition
 adj. Of or relating to the strategy in game theory that minimizes the maximum risk for a player.
from Wiktionary, Creative Commons Attribution/ShareAlike License
 n. In decision theory, game theory, etc. a decision rule used for minimizing the maximum possible loss, or maximizing the minimum gain.
 v. To find the optimum play, or decision, to achieve minimizing the maximum loss.
Etymologies
Examples

This strategy would later be dubbed "minimax lookahead."

Thus, it will be necessary to register in the proper trade department, store, shop or "minimax," whatever kind of store there is, in the rural sectors and in the cities.

I agree somewhat with the sentiment, but I think you’re taking it a little too far, the damage to infrastructure and the economy from nuclear bombings would be greater than the equivalent number of traffic deaths, also cars aren’t thinking opponents, but terrorists are, so that justifies taking what game theorists would call a minimax strategy.

They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the pricecost probabilities of their transactions and investments, just like we do.

When you include the domestic political calculus, choice #2 may unfortunately be the minimax decision in this situation.

Its aims were shaped by an extreme tail event (the Great Depression) and were explicitly minimax (to avoid a repetition).

Or we might consider the more riskaverse rule, the minimax principle: choose that action with the least bad worst possible outcome.

It is very similar to Gauthier's (1986) “minimax relative concession” solution.

I'm not sure if it would suit your purposes, and used a thirdparty hacked database link to work, but if you're going to continue with NWN, I could work on some systems like that in between the things I really should be working on, damn minimax.

The optimal mix exists and is, probably, of the minimax type.
Comments
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