Examlex
What form of government did most of the Enlightenment philosophes believe would be best for the most people?
Potential Entrant
Refers to a business or company that is not currently in a market but has the capability and interest to enter the market if certain conditions are met.
Dominant Strategy
A strategy in game theory that yields the best outcome for a player regardless of what strategies other players choose.
Nash Equilibria
A situation in a non-cooperative game where no player can benefit by changing strategies, assuming the other players also don't change their strategies.
Maximin Strategy
A decision rule in game theory that aims to maximize the minimum gain possible from a set of strategies.
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