noun. In decision theory and game theory etc, a rule to identify the worst outcome of each possible option to find one's best (maximum payoff) play.

verb. To employ a maximin algorithm.

"Rawls thinks that people in the original position would make this principle — which has been called the maximin rule, because it seeks to maximize the minimum level of welfare existing in the society — subordinate to another principle guaranteeing maximum equal liberty for all."

minimax  

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