Examlex
Management's power in collective bargaining sessions rests on
Mixed Strategy
In game theory, a strategy where a player can choose between multiple options with certain probabilities.
Sequential
Pertaining to or following a logical order or sequence, where actions take place one after another.
Maximin Strategy
A strategy in decision-making used under uncertainty, aiming to maximize the minimum gain that can be achieved.
Stackelberg
An economic model of market structure in which one firm sets its output decision first, and other firms follow, establishing a leader-follower dynamic.
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