Examlex
All examples of the prisoner's dilemma game are characterized by one and only one Nash equilibrium.
Mispriced
A situation in which a financial instrument is valued incorrectly by the market, often presenting opportunities for investors.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
Representativeness Heuristic
A cognitive bias in which an individual categorizes a situation based on patterns of previous experiences or beliefs about the scenario.
Over-Confidence
A psychological condition where an individual overestimates their knowledge, skill, or importance.
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