Maximin Strategy

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.