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A car has come into a shop with an engine misfire. A power balance test has been performed with the following results.
Technician A says that cylinder 1 may have low compression. Technician B says that cylinders 2-3-4 are not working properly. Who is correct?
Best Response
In game theory, it is the strategy that yields the highest payoff for a player, given the strategies chosen by other players.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, given the strategies of all other players, resulting in no incentive for unilateral shifts.
Game of Chicken
A game theory model where two players head towards each other on a collision path; the one who swerves is considered 'chicken,' but if neither swerves, both face disastrous outcomes.
Simultaneous Game
A scenario in game theory where all players make their decisions at the same time without knowledge of the other players' choices.
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