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Name two ways in which managers can influence employees' expectancy perceptions.
Mixed Strategy
In game theory, a strategy in which a player randomizes over possible actions, assigning a probability to each.
Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged, representing a state of mutual best responses.
Expected Payoff
The anticipated return from an investment, considering all potential outcomes and their probabilities.
Sequential Game
A type of game in game theory where players make their moves one after another, with knowledge of the previous players' moves.
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