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Payoff Matrix
A table that shows the potential outcomes of various strategies in a decision-making scenario, often used in game theory.
Sequential Game
A game in game theory where players make decisions or moves one after another, with later players having some knowledge of previous actions.
Nash Equilibrium
Nash Equilibrium is a concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.
Payoff Matrix
A table that shows the potential outcomes or payoffs from different decisions made by two or more players in a strategic setting.
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