Examlex
Random sampling reduces the likelihood that the responses obtained from the sample would be the same as those obtained from the universe if everyone were questioned.
Nash Equilibrium
An idea in game theory where the strategy chosen by each player is the best option, taking into account the strategies adopted by all other participants in the game.
Annual Profit
The net income a company or individual earns in a fiscal year after all expenses are subtracted from total revenues.
Cartels
Organizations of independent businesses formed to coordinate the production, pricing, and marketing of goods to monopolize the market and restrict competition.
Incentive to Deviate
A situation where a party has a profitable reason to diverge from a prescribed strategy or agreement.
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