Examlex
Inductive reasoning is a type of reasoning in which subordinate classes are included in larger,superordinate classes.
Payoff Matrix
A table that shows the potential outcomes (or payoffs) for different actions taken by players in a strategic game, outlining the results for each combination of choices.
Dominant Strategy
A strategy in game theory that results in the best outcome for a player, regardless of the strategies chosen by other players.
Alpha and Beta
Measures used in finance: Alpha indicates the performance of an investment relative to a benchmark, whereas Beta measures the volatility of an investment relative to the market.
Efficiency Results
Describes outcomes achieved in a manner where resources are used optimally to produce desired outputs with minimum waste or inefficiency.
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