Examlex
In computing MACRS depreciation in the year of disposition of personal property used in a trade or business,the half-year convention must be applied to the amounts in the tables if the half-year convention was used in the year the asset was placed into service.
Nash Equilibrium
A concept in game theory where no participant can gain by changing strategies if the other participants remain unchanged.
John Nash
An American mathematician known for his pioneering work in game theory, and the Nobel laureate in Economic Sciences.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of all other players, and no player has anything to gain by changing only their own strategy.
Simultaneous Pricing Game
A strategic game in which multiple sellers set prices for their products at the same time, considering the potential reactions of competitors.
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