Examlex
What are some of the unique characteristics of Japanese industrial corporations? Compare and contrast them to corporations in other areas of the world.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of all other players, resulting in no incentive to deviate.
Maximin Strategy
The maximin strategy is a decision rule used under uncertainty, where the decision maker selects the option with the least worst outcome, maximizing the minimum gain.
Equilibrium
A condition in which the equilibrium of market supply and demand stabilizes prices.
Maximin Strategy
A decision rule used in game theory and decision-making to maximize the minimum gain that can be achieved.
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