Examlex
Outsourcing is the export of service activities to other countries.
Battle of the Sexes
A concept in game theory where two players (often representing different genders) have different preferences over the outcome of a game.
Matching Pennies
A classic example of a zero-sum game where two players must secretly choose between a penny facing heads or tails, with outcomes depending on whether the choices match or not.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged, indicating a state of mutual best responses.
Simultaneous Game
A strategic situation in which each player makes decisions at the same time, without knowledge of the other players' actions.
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