minimax

noun
mini·max | \ˈmi-ni-ˌmaks \

Definition of minimax 

: the minimum of a set of maxima especially : the smallest of a set of maximum possible losses each of which occurs in the most unfavorable outcome of a strategy followed by a participant in a situation governed by game theory — compare maximin

First Known Use of minimax

1917, in the meaning defined above

History and Etymology for minimax

minimum + maximum

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The first known use of minimax was in 1917

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