> Do you have any evidence for the claim that minmaxing causes a steep drop off in overall expected utility? My evidence is just experience with optimization/u

> Do you have any evidence for the claim that minmaxing causes a steep drop off in overall expected utility? My evidence is just experience with optimization/utility theory. If you're looking for a paper describing this one takeaway out of thousands from this body of theory, I'm not sure what it's called. In general, any strategic constraint reduces EV, unless the constraint happens to already be a component of the optimal strategy. That doesn't tell you how steep the dropoff is, just that it exists. Determining the variance/EV tradeoff precisely depends entirely on the structure of the optimization space. However, any complex optimization space exhibits essentially the same behavior; crushing the outcome distribution to be super narrow (latency, wealth, ROI, test scores, etc.) is typically only possible at great cost to the median and average cases.