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According to Daniel Patrick Moynihan,an Example of "Defining Deviance Down

question 3

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According to Daniel Patrick Moynihan,an example of "defining deviance down" would be:


Definitions:

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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