Examlex
Which theory of attitudes assumes that people assimilate new information about attitude objects in light of what they already know and feel, using an initial attitude as a frame of reference to categorise new information?
Nash Equilibrium
A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of the other players remain unchanged.
Oligopoly
A market structure characterized by a small number of firms dominating the market, leading to limited competition and potentially high prices.
Interdependent
A relationship between entities in which each is mutually reliant on the other, often used to describe economies or markets that affect one another.
Dominant Strategy
A dominant strategy is a course of action in a strategic game or situation that results in the best outcome for a player, regardless of what the other players decide to do.
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