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14.3 Sequential Dynamic Games
-The above figure shows the payoff to two gasoline stations,A and B,deciding to operate in an isolated town.Suppose a $30 fee is required to enter the market.If firm A chooses its strategy first,then
Conflict Theory
A social theory that views societal structures as inherently unequal, based on power differentials, leading to conflicts between different groups over resources, status, and power.
Categorization
The cognitive process of organizing objects, people, or concepts into classes or groups based on shared characteristics or attributes.
In-Group
A group that one identifies with and feels loyalty toward.
Discrimination
Biased or unfair actions against people from distinct groups, mainly due to their race, age, gender, or physical abilities.
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