Maximin
Version 1.0.0 · Updated 2026-07-30
CORE DEFINITION
Maximin: the minimum value among the worst-case scenarios of each option. Maximax: choose the option with the largest minimum value.
SCAFFOLDING EFFECT
Reduce cognitive load
Conservative decision-making strategy. In uncertain environments, choose the option that guarantees the lowest return, suitable for risk-averse individuals.
Anchor fast decisions
Wald's maximin criterion: under uncertainty, first estimate the worst outcome for each option, then choose the one with the best worst outcome. It is a conservative decision under extreme risk aversion.
MINIMUM ACTION
In progress 0/3Practice this model in one real situation:
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Source support: Explicit
- en.wikipedia.orghttps://en.wikipedia.org/wiki/Maximinverified
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