Minimax strategies are strategies designed to minimize and maximum loss that could result from a given decision outcome, and they produce very conservative or low-risk decisions. The given statement is true.
A tactic where participants attempt to reduce either their own potential losses or the potential benefits of their opponents. The minimax strategy aims to always minimize the biggest loss that could result from a player's choice.
the smallest in a group of maximum losses that each take place in the situation where a participant's minimax strategy results in the most unfavorable outcome; see also maximin.
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