Definition of maximin in English:

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maximin

Pronunciation: /ˈmaksəˌmin/ /-sē-/

noun

Mathematics
1The largest of a series of minima. Compare with minimax.
Example sentences
  • Developers team up with mortgage agencies to provide a mortgage insurance programme with maximin loan-to-value ratio of 95 per cent to lure homebuyers.
1.1 [as modifier] Denoting a method or strategy in game theory that maximizes the smallest gain that can be relied on by a participant in a game or other situation of conflict.
Example sentences
  • Using the maximin strategy, would they choose as a primary principle the one of parental rights, subject to reasonable limits, where parents have a protected sphere of authority to raise their children?
  • The maximin rule of economic theory doesn't necessarily fit existential queries!
  • At the other extreme, hardly any weight is given to maximizing well-being as it competes with priority, and the prioritarian doctrine is then barely distinguishable from the maximin principle with well-being as the maximand.

Origin

1950s: blend of maximum and minimum, on the pattern of minimax.

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