Examlex
Match the word or phrase with its definition.
-Organization
Payoff
Payoff refers to the return or reward received as a result of a particular action or decision, often used in the context of games and economic strategies.
Pure Strategy Equilibria
A solution concept in game theory where players choose a single strategy that maximizes their payoff given the strategies chosen by the other players.
Swerve
In game theory, a strategy that involves a sudden change in direction or decision, especially to avoid a negative outcome.
Chicken
a domesticated bird commonly raised for its meat and eggs; also can denote a game in which two players head towards each other, and the first to veer away is considered the loser.
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