maximin
/ˈmæksɪmɪn/
noun
- A strategy or rule in decision-making that chooses the option that gives the best possible outcome in the worst-case scenario.
- The investor used a maximin approach to protect against market crashes.
- When planning the picnic, we applied a maximin rule by choosing the date with the least chance of rain.
- In game theory, the maximin strategy helps players avoid the biggest losses.