Examlex
The goal-based approach suggests that one effective strategy for reducing prejudice is to
Tit-for-Tat Strategy
A reciprocal strategy in game theory where an entity responds to an action with a similar action, promoting cooperation.
Infinitely Repeated Games
A concept in game theory where a game is played an unlimited number of times, allowing for strategies that can enforce cooperation in situations where one-time game theory would predict non-cooperation.
Credible Threat
A declaration or signal that one will take some negative action if conditions are not met, and it is believable and capable of being executed.
Oligopolistic Situation
A market condition where a few companies have the majority of market share and control over pricing.
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