Examlex
In 360-degree feedback systems,employees' behaviors are evaluated only by themselves.
Payoff
In game theory, the reward received by a player (for example, the profit earned by an oligopolist).
Dominant Strategy
A dominant strategy is the best course of action for a player in a game, regardless of what the other players do, always resulting in a better outcome for the player.
Game Theory
The study of strategic interactions among rational decision-makers.
Prisoners' Dilemma
A scenario in game theory where two players, each pursuing their own best interests, fail to achieve the best result for both.
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