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adamzerner comments on Decision Theory FAQ - Less Wrong

57 Post author: lukeprog 28 February 2013 02:15PM

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Comment author: adamzerner 12 December 2016 07:42:04PM 0 points [-]

I find it helpful to use the term "security level" to understand maximin/leximin and "hope level" to understand maximax. "Security level" is the worst case scenario, and under maximin/leximin we want to maximize it. "Hope level" is the best case scenario, and under maximax, we want to maximize it.