maximin strategy

in game theory or decision making, a tactic in which an individual chooses the best of a set of worst possible outcomes or payoffs. For example, participants in a study may need to choose whichever outcome would best maximize a minimum advantage: withdrawing from a scenario in which they are currently performing poorly, or continuing and possibly doing even worse. Compare minimax strategy.

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Psychology term of the day

May 9th 2024

contraception

n. any method intended to prevent conception, that is, the natural fertilization of the female ovum by the male spermatozoa. See birth control. —contraceptive n., adj.