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Mark left his position as a Hudson's Bay store manager after two years. He complained of burnout from having too many roles and tasks for one position-even though he had plenty of staff working for him. Mark probably never learned to use which of the following tools?
Dominant Strategies
Strategies in game theory that are preferable regardless of the opponent's actions, leading to a stable solution.
Prisoners' Dilemma Situations
A scenario in game theory where individuals acting in their own self-interest produce a worse outcome for the group than if they had cooperated.
Cooperative Outcomes
Results of collaborative efforts among various parties that are mutually beneficial and aim towards shared goals or interests.
Payoff Matrix
A table that displays the potential outcomes or rewards for different actions taken by players in a strategic game.
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