Examlex
Venture capitalists often reject plans and proposals for which of the following reason(s) ?
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.
Equilibrium
A state in an economy where supply equals demand, leading to a stable price for goods and services.
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