Minimax
decision rule used for minimizing the possible loss for a worst case scenario
Minimax is a decision rule used in artificial intelligence, decision theory, game theory, statistics and philosophy for minimizing the maximum possible loss for a worst case scenario. Maximin is the decision rule for maximizing the minimum possible gain.
Quotes
edit- Social and economic inequalities are to satisfy two conditions: first, they are to be attached to positions and offices open to all under conditions of fair equality of opportunity; and second, they are to be to the greatest benefit to the least- advantaged members of society.
- John Rawls, Political Liberalism (1993), p. 6
- Wherever, in any country the whole people feel that the happiness of all is dependent upon the happiness of the weakest, there freedom exists.
- Booker T. Washington, Address on Abraham Lincoln before the Republican Club of New York City, February 12, 1909, in Booker T. Washington Papers, Volume 10: 1909-1911, p. 35
