Examlex
What is price customization?
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies if other players keep their strategies unchanged.
Two-Person Game
A strategic interaction between two players where the choices of each player affect the outcome for the other, typically analyzed in game theory.
Strategies
Plans of action designed to achieve a long-term or overall aim, commonly applied within contexts such as business, military, and gaming.
Dominant Strategy
In game theory, an approach that secures the optimal result for a participant, no matter the actions taken by other competitors.
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