maximax

Noun. (economics, computer science) 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); (non-gloss definition, often used attributively, as "maximax strategy", "maximax approach", and so on.) .

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This entry was last updated on RefTopia from its source on 3/20/2012.