Maximin is a see also of maximax.
As nouns the difference between maximin and maximax
is that
maximin is in decision theory and game theory etc, a rule to identify the worst outcome of each possible option to find one's best (maximum payoff) play while
maximax is (economicscomputer sciencedecision theory) a strategy or algorithm that seeks to maximize the maximum possible result (that is, that prefers the alternative with the chance of the best possible outcome, even if its expected outcome and its worst possible outcome are worse than other alternatives);.
As a verb maximin
is to employ a maximin algorithm.
maximin English
Noun
( en noun)
In decision theory and game theory etc, a rule to identify the worst outcome of each possible option to find one's best (maximum payoff) play.
See also
* minimax
Verb
To employ a maximin algorithm.

maximax English
Noun
( )
(economics, computer science, decision theory) A strategy or algorithm that seeks to maximize the maximum possible result (that is, that prefers the alternative with the chance of the best possible outcome, even if its expected outcome and its worst possible outcome are worse than other alternatives);
* 2009 , Harold Kerzner, Project Management: A Systems Approach to Planning, Scheduling, and Controlling , Tenth Edition, John Wiley and Sons, ISBN 9780470278703, page 749 :
 The first criterion is the criterion, often referred to the maximax criterion. the decisionmaker is always optimistic and attempts to maximize profits by a goforbroke strategy.
See also
* (strategy that maximizes the maximum) maximin, minimax, minimin
