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Game Theory Fundamentals·Economics & Strategy
minimax

minimax

/ˈmɪnɪmæks/

♟️ Game Theory Fundamentals

a strategy minimizing the maximum possible loss

minimax in a sentence

“The minimax algorithm is used in chess-playing computers.”

Origin of minimax

From minimum + maximum

Related Words

mixed strategy

a strategy involving randomization among possible moves

information asymmetry

a situation where some players have more information than others

game theory

the study of mathematical models of strategic interaction

Nash equilibrium

a state where no player benefits by unilaterally changing strategy

payoff

the reward or outcome a player receives from a strategy

dominant strategy

a strategy that yields the best outcome regardless of opponents' choices

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