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A future payment's present value is
Prisoner's Dilemma
A standard example of a game analyzed in game theory that shows why two rational individuals might not cooperate, even if it appears that it is in their best interest to do so.
Nash Equilibrium
A state in a game where no player can benefit by changing their strategy while the other players keep theirs unchanged.
Competitor's Intentions
The strategic plans and actions that a business's rivals aim to undertake to gain a competitive advantage.
Nash Equilibrium
A concept in game theory where all participants are assumed to know the equilibrium strategies of the others, and no player has anything to gain by changing only their own strategy.
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