Examlex
As a territory, Missouri had not allowed slavery.
Strategic Behavior
Self-interested economic actions that take into account the expected reactions of others.
Dominant Strategy
A strategy that always results in the highest payoff for a player, regardless of the opponents' actions.
Nash Equilibrium
The situation that occurs in some simultaneous games wherein every player is playing his or her dominant strategy at the same time and thus no player has any reason to change behavior.
Repeated Games
A strategic situation in which the same game (a set of strategies and payoffs) is played multiple times, allowing for strategy evolution over time.
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