Examlex
An information system consists of
Simultaneous Game
A type of strategic game in game theory where all players make decisions or choose their strategies at the same time without knowledge of the others' choices.
Utility
A measure of satisfaction or happiness that consumers receive from consuming goods and services.
Prisoner's Dilemma
A fundamental problem in game theory demonstrating that two people might not cooperate even if it is in both their best interests to do so.
Nash Equilibrium
An idea in game theory where a player cannot benefit by altering their strategy alone while the strategies of other players stay the same.
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