Examlex
A time lag between sound waves striking our left and right ears is important for accurately
Payoff Matrix
A strategic analysis tool used in decision theory and game theory that shows the potential outcomes and payoffs from different decisions made by two or more players.
First-Mover Advantage
The competitive edge that a company gains by being the first to market with a product or service.
Extensive Form
A representation of a game that displays the sequence of choices available to players and the outcomes achieved from these choices.
Sequential Game
A type of game in game theory where players make decisions or take actions in turn, with each player's decision influencing the next player's set of available choices.
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