Examlex
Which of the following is an example of the informal justice approach?
Payoff
represents the return or outcome received from a certain action or investment.
Pure Strategy Equilibria
A situation in game theory where each player has a single strategy, which is their best response to the strategies of the other players, leading to a stable outcome.
Mixed Strategy
A strategic choice in game theory where a player chooses between different strategies in a probabilistic manner rather than sticking to a single strategy.
Payoff
The return or reward received from an investment or action, often used in the context of games, strategies, and economic decisions.
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