Examlex
Scribbling and drawing experiences leads some children to discover marks have meaning.
Nash Equilibrium
The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.
Repeated Games
A strategic situation in which the same game (a set of strategies and payoffs) is played multiple times, allowing for strategy evolution over time.
Homogeneous Oligopolists
Firms in an oligopoly that sell products so similar that consumers perceive them as identical, leading to competition based primarily on price.
Differentiated Oligopolists
Firms in an oligopolistic market structure that distinguish their products from those of competitors through branding, quality, or other means.
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