Examlex
Which of the following ratios are included in Altman's Z- score model?
Nash Equilibria
A concept in game theory where no player can gain by unilaterally changing their strategy, indicating a balance where each player's strategy is optimal given the other players' strategies.
Maximin Strategy
A strategy in decision-making which aims to maximize the minimum gain that can be earned, focusing on the worst-case scenario.
Collusion
A secretive or illegal agreement between parties to limit competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law.
Winner's Curse
A situation in an auction where the winning bid exceeds the intrinsic value or true worth of an item.
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