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Jason and Victoria are both trained in I/O psychology. Jason works for a large corporation where he is responsible for training employees, identifying job performance criteria, andusing those criteria to measure job performance. Victoria works as a consultant who investigates the social environment of organizations, analyzing corporate norms and decision-making processes as they affect employee behavior. Jason's job emphasizes the _____ side of I/O psychology, while Victoria's job emphasizes the _____ side of I/O psychology.
Technological Advance
Improvements in technology that increase productivity, enhance efficiency, or create new products and markets.
Industrial Concentration
A measure of the extent to which a relatively small number of firms occupy a large market share within an industry.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies if other players keep theirs unchanged.
Game Theory
The study of mathematical models of strategic interaction among rational decision-makers.
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