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Summarize the means by which the polygraph works as a lie detector. What two major problems call its accuracy into question?
Sequential Games
Sequential games are strategic games where players make decisions one after another rather than simultaneously, often incorporating an element of foresight or prediction.
Repeated Games
A framework in game theory where the same game (set of strategic interactions) is played multiple times, allowing for strategy evolution based on past outcomes.
Multi-Period Games
Strategic situations involving a series of decisions or games that unfold over several time periods.
First-Mover Advantage
A strategic advantage gained by the first significant company to enter a market, allowing it to establish brand recognition and customer loyalty before rivals.
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