Constrained equal losses

Constrained Equal Losses (CEL) is a concept primarily used in decision theory and game theory. It refers to a situation or method in which decision-makers or players face a scenario where they must distribute resources or make decisions that minimize the potential losses they could face while adhering to specific constraints. In the context of decision-making, CEL typically involves making strategic choices that aim to equalize the maximum potential losses across different scenarios while operating under predefined limitations or rules.