________ Is Represented in a Process Flow Chart When an Outgoing

question 27

Short Answer

________ is represented in a process flow chart when an outgoing arrow from one step splits into two or more arrows that lead to different boxes.

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Definitions:

Nash Equilibrium

A concept in game theory where each participant's strategy is optimal, given the strategies of all other participants, leading to a situation where no participant can benefit by changing strategies unilaterally.

Credible Threats

A declaration or signal that one party can make to convey they are prepared to follow through with a promised action if certain conditions are not met.

Extensive Form

Extensive form represents a way of describing a game in game theory, showcasing the sequential nature of players' decisions and possible strategies.