Examlex
Half-life (T ) is described as the time required for:
Cournot
Refers to an economic model of competition among firms, where each firm decides its production level assuming the other firms' levels are fixed, leading to a state of Cournot equilibrium.
Sequential Games
Games in which players make decisions one after another, with later players having knowledge of the previous actions taken by other players.
Dominant Strategy
A strategy that is the best for a player in a game irrespective of the strategies chosen by other players.
Nash Equilibrium
A concept within game theory where no participant can benefit by changing strategies while the other participants keep theirs unchanged.
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