Minimizing one's maximum losses is identical to maximizing one's minimum gains.

Name: Minimizing one's maximum losses is identical to maximizing one's minimum gains.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Minimizing one's maximum losses means ensuring that the worst case scenario is not too bad, which is equivalent to maximizing one's minimum gains, or ensuring that even in the best case scenario, the gains are not too low. Therefore, the statement is true.

Minimizing One's Maximum Losses Is Identical to Maximizing One's Minimum