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Through the use of authentic assessment methods, teachers can
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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