Maximin and Minimax Strategy

Checkpoint #1: Which is not true for maximin strategy?

1. In is based on pessimistic thinking, $i.e.$, thinking about the least risk.
2. If the payoff matrix is given for player $A$, the maximin strategy is used by player $A$.
3. If the payoff matrix is given for player $A$, the maximin strategy is used by player $B$.
4. Maximin and minimax strategy are based on the same approach by player $A$ and $B$ respectively.

Checkpoint #2: If the payoff matrix is given for player $A$, then which of the following is true for maximin strategy?

1. It gives a lower bount for the game.
2. It gives a upper bound for the game.
3. The maximin strategy is used by player $B$.
4. None of these.

Last modified on: 2023-01-06 22:22:45