Step 1: Expand cos x using its Maclaurin series.
\[
\cos x = 1-\frac{x^2}{2!}+\frac{x^4}{4!}-\cdots
\]
Step 2: Substitute into f(x).
\[
f(x)=\cos x - 1 + \frac{x^2}{2} - \frac{x^3}{3} = \left(1-\frac{x^2}{2}+\frac{x^4}{24}-\cdots\right)-1+\frac{x^2}{2}-\frac{x^3}{3}
\]
The \(x^2\) terms cancel, leaving
\[
f(x) = -\frac{x^3}{3} + \frac{x^4}{24} - \cdots
\]
Step 3: Identify the dominant term near x = 0.
For small \(x\), the cubic term dominates over the quartic term, so \(f(x) \approx -\frac{x^3}{3}\) close to \(x=0\).
Step 4: Examine the sign change.
Since \(-\frac{x^3}{3}\) is positive for \(x \lt 0\) and negative for \(x \gt 0\), \(f(x)-f(0)\) changes sign as \(x\) passes through 0, so \(x=0\) cannot be a maximum or a minimum.
Step 5: Final conclusion.
Hence \(x=0\) gives
\[
\boxed{\text{no extremum value}}
\]