Examlex
Barry has just run the mile in just under four minutes, which is his best time ever. What would this represent?
Sequential Play
A feature of certain games in which players make moves one after the other, with each player aware of the preceding players' moves before making their own.
Utility Function
An economic model that ranks an individual's preferences for different combinations of various goods and services.
Edgeworth Box
A diagrammatic tool used in microeconomics to show various distributions of resources or outcomes between two agents in an economy.
Contract Curve
In economics, a curve representing the set of optimal allocation points for two parties trading two goods, assuming utility maximization.
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