Examlex
Discouraged workers are not working, want to work, but are not actively looking for a job.
Cooperation
The process of groups or individuals working together towards a common goal or interest.
Game Theory
A field of applied mathematics used to model and analyze strategic interactions among rational decision-makers.
Rationality
The quality of being based on or in accordance with reason or logic, often used in economics as a principle that individuals aim to maximize utility.
Simultaneous-Move Game
A strategic interaction where all players make their decisions or moves at the same time without knowledge of the other players' choices.
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