The maximax criterion finds the worst possible payoff for each alternative and then chooses the alternative that yields the maximum of those worst possible payoffs.

Name: The maximax criterion finds the worst possible payoff for each alternative and then chooses the alternative that yields the maximum of those worst possible payoffs.
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Maximin finds the maximum of the worst possible payoffs; maximax finds the maximum of the best possible payoffs.

The Maximax Criterion Finds the Worst Possible Payoff for Each