Definition of "maximin" []

• In decision theory and game theory etc, a rule to identify the worst outcome of each possible option to find one's best (maximum payoff) play. (noun)
• To employ a maximin algorithm. (verb)

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• "Rawls thinks that people in the original position would make this principle — which has been called the maximin rule, because it seeks to maximize the minimum level of welfare existing in the society — subordinate to another principle guaranteeing maximum equal liberty for all."
• "| Reply | Permalink maximin: "If you find it fanatical of us to live by some sort of principles that involve integrity, racial equality, and promoting equal access to voting rights, then I am happy to be a fanatic.""
• "But is “maximin” a concept frequently referenced in libertarian writings?"