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/Share-Alike 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

mini(mum) + max(imum).
(American Heritage® Dictionary of the English Language, Fourth Edition)

Examples

  • This strategy would later be dubbed "minimax lookahead."

    Ars Technica

  • 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.

    CASTRO RADIO AND TV INTERVIEW

  • 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.

    The Volokh Conspiracy » Car Bomb Found in Times Square?

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

    Matthew Yglesias » Bernanke Suddenly in Trouble

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

    Matthew Yglesias » Getting Closer to Nowhere

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

    Costs and consequences

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

    What to do?

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

    Economics and Economic Justice

  • I'm not sure if it would suit your purposes, and used a third-party 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.

    Two Releases: Arden I and Exodus

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

    The Egoistic Friend

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