Related video by 3Blue1Brown: https://youtu.be/EOtduunD9hA
EDIT: correct link below.
EDIT: correct link below.
I would call it the "harmonic norm", which is consistent with is being the "norm version" of the harmonic mean. It might also be called the "(p=-1) norm" since it would be a p-norm with p=-1. Also "L-1 norm" to put it in the "L norm" family.