Examlex
When a receiver decodes a message, he/she is:
Expected Value
A calculated average of all possible outcomes of a random variable, weighted by their probabilities.
English Auction
A type of auction in which the price starts low and is progressively bid upwards, with the highest bid at the end winning the item.
Rational Self-Interest
The principle that individuals tend to make decisions that maximize their own utility or benefit.
Collude
To conspire or work together secretly, especially in order to cheat or deceive others.
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