Examlex
Which of the following pairs is mismatched?
Cournot
Refers to an economic model of competition among firms, where each firm decides its production level assuming the other firms' levels are fixed, leading to a state of Cournot equilibrium.
Sequential Games
Games in which players make decisions one after another, with later players having knowledge of the previous actions taken by other players.
Dominant Strategy
A strategy that is the best for a player in a game irrespective of the strategies chosen by other players.
Nash Equilibrium
A concept within game theory where no participant can benefit by changing strategies while the other participants keep theirs unchanged.
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