noun
Definition: The largest value among the smallest possible gains that can be achieved in a situation where choices are made, often used in decision-making and game theory.
Example: In game theory, the maximin strategy helps players secure the best worst-case outcome.
verb
Definition: To use a strategy that maximizes the minimum gain or outcome in decision-making or optimization problems.
Example: In game theory, players often maximin their strategies to ensure the best worst-case scenario.