<*logic, mathematics, game-theory*> supposition that the
preferable alternative is one whose worst outcome is least
harmful, originally in mathematical and game-theoretical
contexts. Thus, when success in any venture is uncertain, it
is better to choose courses of action that risk the least, even
if they don't offer a chance at the most. Rawls argued that
this maximization of the minimum gain to be achieved is a
rational guide for social decision-making.
Recommended Reading: V. F. Dem'Yanov and V. N. Malozemov,
Introduction to Minimax (Dover, 1990); Stephen Simons, Minimax
and Monotonicity (Springer Verlag, 1999); Ronald Christensen,
General Description of Entropy Minimax (Entropy, 1981); and
John Rawls, A Theory of Justice (Belknap, 1999).

[A Dictionary of Philosophical Terms and Names]

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