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The news reports a security breach of credit card information at a large department store that has recently laid off many employees.Why should the store investigate the possibility of the breach being from an insider?
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, given the strategies of other players, resulting in a situation where no player has an incentive to deviate from their chosen strategy.
Sequential Game
A type of game theory model where players make decisions or moves in a specific order, allowing for the reaction to previous moves by other players.
Payoff Matrix
A table that shows the potential outcomes of different strategies in a decision-making situation, often used in game theory.
Repeated Game
A strategic game that is played several times by the same players, allowing for outcome strategies to be influenced by previous results.
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