Using the maximin criterion you identify the best payoff for each alternative and then choose the alternative that is the "worst of the best".

Name: Using the maximin criterion you identify the best payoff for each alternative and then choose the alternative that is the "worst of the best".
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The maximin criterion involves identifying the worst payoff for each alternative and then choosing the alternative with the best of these worst payoffs.

Using the Maximin Criterion You Identify the Best Payoff for Each