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Match the Word or Phrase with Its Definition

question 15

Multiple Choice

Match the word or phrase with its definition.
-Organization


Definitions:

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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