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First Mover
A business strategy where a company is first to enter a specific market or industry, potentially gaining a competitive advantage in brand recognition, customer loyalty, and more.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of all other players, resulting in no incentive to deviate.
Dominant Strategy
A strategy in game theory that is considered the best response regardless of what any other players do, providing the most advantageous outcome for a player.
Nash Equilibrium
A concept in game theory where no player can benefit by unilaterally changing their strategy if the strategies of the other players remain unchanged.
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