Examlex
Which of the following is a form of variable pay where the employee earns additional compensation on the basis of achieved objectives?
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.
Maximin Strategy
A strategic choice aiming to ensure the best of the worst-case outcomes in a competitive or uncertain environment.
Pure Strategies
In game theory, strategies that involve making a specific choice or action with certainty, as opposed to mixed strategies where actions are chosen probabilistically.
Mixed Strategy
A strategic decision in game theory where a player chooses among all possible actions based on a set of probabilities for each action, rather than selecting a single action consistently.
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