Examlex
What is net realizable value? How is net realizable value affected when a receivable is written off under the allowance method?
Constant-Sum Game
A situation in game theory where the total gains and losses among participants are distributed equally, so that the sum of benefits and losses is constant.
Dominant Strategies
In game theory, these are strategies that result in the best outcome for a player, no matter what the other players do.
Pure Strategy
Strategy in which a player makes a specific choice or takes a specific action.
Optimal Response
Optimal response is a strategy that maximizes a player's benefits given the strategies chosen by others, commonly used in game theory.
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