Examlex
Although computers are supplied by the university, many professors never quite learn how to use them. Others feel they might break them so they avoid trying anything new. Others save data to their hard drive but also make a paper copy to keep. Such behavior is an example of ________.
Nash Equilibrium
An idea in game theory that suggests a player cannot improve their situation by changing strategy if every other player's strategy remains the same.
Even Dollar Increments
A pricing strategy where goods or services are priced in whole dollar amounts rather than including cents.
Complete Stranger
A person whom one does not know or with whom one is not familiar.
Expected Loss
The predicted amount of loss a business might suffer due to risks, calculated as the sum of all possible losses multiplied by their respective probabilities.
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