Examlex
According to the two-process conditioning model,____ conditioning may instill conditioned emotional responses,and ____ conditioning may reinforce the person's avoidance response.
Stackelberg Duopoly
A model of oligopoly in which one firm (the leader) sets its output or price first, and the other firm (the follower) then chooses its output or price in response, considering the leader's decisions.
Collusive Duopoly
A situation where two firms in a market agree to collaborate, often secretly, to increase their joint profits by agreeing on prices or output levels.
Extensive Form
A representation of a game in decision tree format, showing the sequence of moves, possible strategies, and outcomes.
Credible Threat
In a sequential game with two players, a statement made by Player 1 that truthfully (credibly) threatens a penalizing action against Player 2 if Player 2 does something that Player 1 does not want Player 2 to do. Opposite of empty threat.
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