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Minimax
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=== In zero-sum games === <span id='Minimax theorem'></span><!-- added label in order not to break incoming links --> In two-player [[zero-sum game]]s, the minimax solution is the same as the [[Nash equilibrium]]. In the context of zero-sum games, the [[minimax theorem]] is equivalent to:<ref name=Osborne>{{cite book |author1=Osborne, Martin J. |author2=Rubinstein, A. |author2-link=Ariel Rubinstein |year=1994 |title=A Course in Game Theory |place=Cambridge, MA |publisher=MIT Press |edition=print |isbn=9780262150415}}</ref>{{Failed verification|date=February 2015}} <blockquote>For every two-person [[zero-sum]] game with finitely many strategies, there exists a value {{mvar|V}} and a mixed strategy for each player, such that :(a) Given Player 2's strategy, the best payoff possible for Player 1 is {{mvar|V}}, and :(b) Given Player 1's strategy, the best payoff possible for Player 2 is β{{mvar|V}}. </blockquote> Equivalently, Player 1's strategy guarantees them a payoff of {{mvar|V}} regardless of Player 2's strategy, and similarly Player 2 can guarantee themselves a payoff of β{{mvar|V}}. The name ''minimax'' arises because each player minimizes the maximum payoff possible for the other β since the game is zero-sum, they also minimize their own maximum loss (i.e., maximize their minimum payoff). See also [[example of a game without a value]].
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