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.