Examlex
Traditional litigation is distinguished by:
Prisoners' Dilemma Situations
A scenario in game theory where individuals acting in their own self-interest produce a worse outcome for the group than if they had cooperated.
Cooperative Outcomes
Results of collaborative efforts among various parties that are mutually beneficial and aim towards shared goals or interests.
Payoff Matrix
A table that displays the potential outcomes or rewards for different actions taken by players in a strategic game.
Nash Equilibrium
A concept within game theory where no participant can gain by unilaterally changing their strategy if the strategies of the other participants remain unchanged.
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