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Nash Equilibrium
A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged.
Repeated Games
A scenario in game theory where the same game (with the same strategy set) is played by players multiple times.
Sequential Game
A game theory model where players make decisions one after another, with each player aware of the previous players' decisions before making their own.
First Mover
A company that gains a competitive advantage by being the first to enter a specific market or industry with a new product or service.
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