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maximin

[mak-suh-min]
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noun
  1. a strategy of game theory employed to maximize a player's minimum possible gain.
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Compare minimax.

Origin of maximin

First recorded in 1950–55; maxi(mum) + min(imum)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for maximin

maximin

noun
  1. maths the highest of a set of minimum values
  2. (in game theory, etc) the procedure of choosing the strategy that most benefits the least advantaged member of a groupCompare minimax
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Word Origin

C20: from maxi (mum) + min (imum)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012