Examlex
The displacement d (in meters) of an object at time t (in seconds) is given. Describe the motion of the object. What is the
maximum displacement from its resting position, the time required for one oscillation, and the frequency?
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Maximin Strategy
A decision rule used in situations of uncertainty to maximize the minimum gain that can be secured.
Equilibrium
A state where market supply and demand balance each other, and, as a result, prices become stable.
Dominant Strategy
In game theory, a strategy that is best no matter what the opposition does.
Players
In an economic context, players refer to individuals or entities actively participating in a market or economic model.
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