The System Under Which the Government Sets an Average Length

question 20

Multiple Choice

The system under which the government sets an average length of hospital stay and costs for in-patient treatment for each possible diagnosis is known as

• A) retrospective payment.
• B) deprofessionalization.
• C) corporatization.
• D) diagnostic-related groups.
• E) Medicaid.

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Definitions:

Mixed Strategy Equilibrium

Mixed Strategy Equilibrium is a concept in game theory where each player in a game randomizes over possible moves according to a specific probability distribution, and no player can benefit by changing their strategy unilaterally.

Pure Strategy Equilibria

A situation in game theory where all players have chosen a strategy and have no incentive to change, leading to a stable outcome.

Maximin Strategy

A decision rule used in game theory and decision making to maximize the minimum possible payoff, focusing on minimizing losses in the worst-case scenario.

Dam Fund

A financial pool created to fund the construction, maintenance, or repair of dam infrastructure.