The minimax criterion is to
A)minimize one's maximum losses.
B)maximize one's maximum losses.
C)maximize one's maximum gains.
D)minimize one's minimum gains.

Question

Quizplus · Accepted Answer

The minimax criterion is used to minimize the maximum possible loss. It is commonly used in decision-making situations where the worst-case scenario is of utmost importance. By minimizing the maximum possible loss, decision-makers can ensure that they are prepared for any potential outcomes and can minimize the impact of worst-case scenarios.

The Minimax Criterion Is to