Examlex
Section 1221 of the Code includes a comprehensive list of assets properly classified as capital assets.
Best Response
In game theory, it is the strategy that will give a player the highest payoff, given the strategies chosen by other players in the game.
Simultaneous Game
A type of game in game theory where participants make decisions or select strategies at the same time without knowledge of the others’ choices, exemplified by the Prisoner’s Dilemma.
Shoplifter
An individual who steals merchandise from a retail store.
Best Response
A strategy that yields the highest payoff for a player given the strategies chosen by other players in a strategic interaction or game.
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