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In decision theory and game theory, is a non-probabilistic decision-making model according to which decisions are ranked on the basis of their worst-case outcomes - the optimal decision is one with the least worst outcome. It is one of the most important models in robust decision making in general and robust optimization in particular.
Wald's maximin model - Wikipedia 
Added 9 months ago by Francis Tseng
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Wald's maximin model - Wikipedia 
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In decision theory and game theory, is a non-probabilistic decision-making model according to which decisions are ranked on the basis of their worst-case outcomes - the optimal decision is one with the least worst outcome. It is one of the most important models in robust decision making in general and robust optimization in particular.
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