Examlex
In a study of African Americans at Stanford University who had scored very high on the SAT verbal subtest,half were told they would take a test that would predict their verbal ability and the other half took the same test but did not hear the test was predictive.Those who heard the predictive statement did worse than those who did not.This is likely to due to
Dominant Strategy
A unilateral optimal strategy for a player in a game theory scenario, regardless of opponents' actions.
Nash Equilibrium
A concept in game theory where no player can gain by changing their strategy while the other players keep theirs unchanged.
Maximin Strategy
A strategy used in decision-making that maximizes the minimum gain that can be achieved, often used in situations involving uncertainty and risk.
Incumbent Monopoly
A situation where a single company dominates a market or industry, often due to having established a strong presence over time.
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