Examlex
Many colleges use students' S.A.T. scores to determine who they will accept into their programs. Which goal of psychological science are they utilizing?
Maximin Strategy
A decision rule used in game theory and decision making to maximize the minimum possible payoff, focusing on minimizing losses in the worst-case scenario.
Dam Fund
A financial pool created to fund the construction, maintenance, or repair of dam infrastructure.
Constant-Sum
A situation in which the total resources available are fixed, and one party's gain is another party's loss.
Prisoners' Dilemma
A scenario in game theory in which two individuals acting in their own self-interest do not achieve the optimal outcome, showing how cooperation can be difficult even when it is mutually beneficial.
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