Examlex
What breaks a project into tiny phases, each of which must be completed before developers can continue on to the next phase?
Maximin Strategy
A decision rule used in situations of uncertainty to maximize the minimum gain that can be secured.
Equilibrium
A state where market supply and demand balance each other, and, as a result, prices become stable.
Dominant Strategy
In game theory, a strategy that is best no matter what the opposition does.
Players
In an economic context, players refer to individuals or entities actively participating in a market or economic model.
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