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Briefly explain Max Weber's conceptualization of charisma.
Nash Equilibrium
A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of others remain unchanged.
Pure Strategy
In game theory, a strategy where a player consistently chooses a specific action.
Mixed Strategy Equilibrium
in game theory, is a situation where players in a game choose a mixture of strategies probabilistically.
Probabilities
A measurement of the likelihood or chance of a specific outcome or event occurring.
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