Strategy vs Maximax - What's the difference?

strategy | maximax |


As nouns the difference between strategy and maximax

is that strategy is the science and art of military command as applied to the overall planning and conduct of warfare while maximax is (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);.

strategy

Noun

  • The science and art of military command as applied to the overall planning and conduct of warfare.
  • A plan of action intended to accomplish a specific goal.
  • * {{quote-book, year=1913, author=
  • , title=Lord Stranleigh Abroad , chapter=4 citation , passage=“I came down like a wolf on the fold, didn’t I??? Why didn’t I telephone??? Strategy', my dear boy, ' strategy . This is a surprise attack, and I’d no wish that the garrison, forewarned, should escape. …”}}
  • * {{quote-magazine, year=2013, month=May-June, author= William E. Conner
  • , title= An Acoustic Arms Race , volume=101, issue=3, page=206-7, magazine=(American Scientist) , passage=Earless ghost swift moths become “invisible” to echolocating bats by forming mating clusters close
  • The art of using similar techniques in politics or business.
  • Usage notes

    * Verbs often used with "strategy": drive, follow, pursue, execute, implement, adopt, abandon, accept, reject.

    Derived terms

    * exit strategy * strategic * strategics * strategist

    Coordinate terms

    * (an art of using similar techniques in politics or business) tactics

    See also

    * long game

    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 978-0-470-27870-3, page 749:
  • The first criterion is the criterion, often referred to the maximax criterion. the decision-maker is always optimistic and attempts to maximize profits by a go-for-broke strategy.

    See also

    * (strategy that maximizes the maximum) maximin, minimax, minimin