The maximin criterion applies only when the payoffs are quantities, such as profits or benefits, which we want to make large.

Name: The maximin criterion applies only when the payoffs are quantities, such as profits or benefits, which we want to make large.
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The maximin criterion is used in decision-making under uncertainty to maximize the minimum payoff, which is applicable when dealing with quantities like profits or benefits that are desirable to increase.

The Maximin Criterion Applies Only When the Payoffs Are Quantities