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Discuss the significance of safe haven laws.
Maximin Strategy
A decision-making rule used in game theory and statistics to maximize the minimum gain that can be achieved.
Dominant Strategy
In game theory, a strategy that is best for a player regardless of the strategies chosen by other players in the game.
Nash Equilibria
A concept in game theory where no player can gain by unilaterally changing their strategy, indicating a balance where each player's strategy is optimal given the other players' strategies.
Maximin Strategy
A strategy in decision-making which aims to maximize the minimum gain that can be earned, focusing on the worst-case scenario.
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