Dictionary

maximin

noun maxi·min \ˈmak-sə-ˌmin\

Definition of MAXIMIN

:  the maximum of a set of minima; especially :  the largest of a set of minimum possible gains each of which occurs in the least advantageous outcome of a strategy followed by a participant in a situation governed by game theory — compare minimax

Origin of MAXIMIN

maximum + minimum
First Known Use: 1951

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