Examlex
Infants can discriminate the sounds of their parent's voices by 31/2 months of age
Nash Equilibrium
In game theory, the result of all players’ playing their best strategy given what their competitors are doing.
Maximin Strategy
A decision rule used in situations of uncertainty to maximize the minimum gain or to minimize the maximum loss.
Equilibrium
A state in a market or economy where supply equals demand, resulting in stable prices and quantities.
Maximin Strategy
A decision-making rule used in situations with uncertainty to maximize the minimum gain that can be achieved.
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