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Ron is an avid reader. He has a large vocabulary because every time he comes across a word he doesn't know, he looks it up in the dictionary. Ron encounters "wanderlust" in a novel, reaches for the dictionary, and finds out this word means "desire to travel." The process of looking up unfamiliar words increases Ron's
Constant Sum Game
A situation in game theory where the gain or loss of utility for one party results in an exactly equal loss or gain for the other party or parties.
Equilibrium Outcome
The situation in which market supply and demand balance each other, and, as a result, prices become stable.
Pure Strategies
A strategy in game theory where a player chooses a single action or outcome consistently, rather than mixing between multiple options.
CD Changer
An electronic device that stores and plays multiple compact discs automatically, allowing users to switch between discs without manual intervention.
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