The Minimax Criterion Minimizes the Maximum Payoff

question 63

True/False

The minimax criterion minimizes the maximum payoff.

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Definitions:

Condition Subsequent

A contract condition that, when it occurs, ends the party's obligation to perform under the contract.

Unilateral Release

A legal agreement where one party agrees to waive its rights or claims against another party without requiring any action or concession in return.

Breach

The action of violating or not adhering to a law, agreement, or set of rules.

Condition Subsequent

A condition in a contract that, upon its occurrence, terminates or modifies the rights or obligations of the parties involved.