Examlex
The conceptual style of decision making is the most people oriented of the styles.
Duopoly
A market structure characterized by two producers or sellers dominating the market.
Dominant Strategy
In game theory, a strategy that is optimal for a player, regardless of the strategies chosen by other players in the game.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.
Payoff Matrix
A table that shows the potential outcomes of different decisions in a strategic situation, used in game theory to analyze choices and consequences.
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