minimax strategy

in game theory or decision making, a tactic in which individuals attempt either to minimize their own maximum losses or to reduce the most an opponent will gain. For example, a health researcher may propose an intervention that would be the least aversive treatment for a serious disease, thereby minimizing the adverse effects patients may expect to experience as a result of the disease. Compare maximin strategy.

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Psychology term of the day

November 21st 2024

feedback system

a circuit in which output information (e.g., biological, mechanical) is used to modulate the input to the same circuit. In a negative feedback system, the output is used to reduce the input; such systems play important roles in maintaining equilibrium of processes within organisms. See homeostasis; positive feedback.