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minimax

[min-uh-maks]
noun
  1. a strategy of game theory employed to minimize a player's maximum possible loss.
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Compare maximin.

Origin of minimax

First recorded in 1940–45; mini(mum) + max(imum)
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for minimax

minimax

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

C20: from mini (mum) + max (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