The maximin strategy:
A) Minimizes the maximum gain
B) Maximizes the minimum gain.
C) Minimizes the maximum regret.
D) Maximizes the minimum regret

Name: The maximin strategy: A) Minimizes the maximum gain B) Maximizes the minimum gain. C) Minimizes the maximum regret. D) Maximizes the minimum regret
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Question

Quizplus · Accepted Answer

The maximin strategy maximizes the minimum gain, meaning it chooses the action that guarantees the highest possible minimum payoff, regardless of the actions of the other players.

The Maximin Strategy