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Which Will Satisfy Your Hunger for a Longer Period of Time

question 19

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Which will satisfy your hunger for a longer period of time?


Definitions:

Dominant Strategy

Strategy that is optimal no matter what an opponent does.

Payoff

Value associated with a possible outcome.

Optimal Strategy

Strategy that maximizes a player’s expected payoff.

Auctioned

A method of sale where goods or services are sold to the highest bidder.

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