Examlex
The order of almost all (99.9%) __________ is exactly the same in all humans.
Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged, representing a state of mutual best responses.
Expected Payoff
The anticipated return from an investment, considering all potential outcomes and their probabilities.
Sequential Game
A type of game in game theory where players make their moves one after another, with knowledge of the previous players' moves.
Incumbent Monopoly
A monopoly status characterized by a dominant player having a major share of the market, often resulting from having established infrastructure and customer base.
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