Examlex
The degree to which the conclusions in a study would hold for other persons in other places and at other times is referred to as _______________.
Dominant Strategy
A strategy in game theory that is best for a player, regardless of the strategies chosen by other players.
Price High
Typically refers to a situation where the price of a good or service is higher than usual, which can result from high demand, low supply, or other market conditions.
Positive-Sum Game
A situation in economic transactions where all participants can benefit, or the sum of the gains and losses is positive.
Payoff Matrix
A table that displays the potential outcomes for each player in a game, given the choices of all players.
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