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Lulu is 53 and has not had her menstrual period in a year. Several times a day, she feels a tingling in her upper chest, and then heat washes over her, in an upwards direction. It is intensely uncomfortable for about 5 minutes, during which she is nearly overwhelmed with an urge to fling off her clothing. The cause of Lulu's hot flashes is
Nash Equilibrium
In game theory, the equilibrium that results when all players choose the action that maximizes their payoffs given the actions of other players, ignoring the effect of that action on the payoffs of other players; also known as noncooperative equilibrium.
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Advertising involves promoting products or services through various mediums to inform potential customers and influence their purchasing decisions.
Game Theory
A branch of mathematics that studies strategic interactions among rational decision-makers, used to analyze situations in which the outcome depends on the actions of multiple agents.
Payoff Matrix
A table that shows the potential outcomes or payoffs from different decisions or strategies in a strategic or game-theoretic context.
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