Examlex
A large concentration of networked computers working together is called a data ranch.
European Union
A political and economic union of member states that are located primarily in Europe, fostering regional integration.
Sequential Game
A type of game in game theory where players make decisions one after another, rather than simultaneously, allowing for a strategic consideration of the previous actions.
Battle of the Sexes
A game theory model illustrating coordination problems through the preferences of two individuals trying to agree on a common decision with conflicting interests.
Maximin Strategies
Decision-making strategies aimed at maximizing the minimum payoff attainable, commonly used in games and economic scenarios where uncertainty is a significant factor.
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