Examlex
In many circumstances, prisoners are not allowed to possess cash. Does this mean there is no money in prison? Explain.
Firm
An organization engaged in commercial, industrial, or professional activities, typically aimed at generating profits.
Optimal
The best or most favorable point, level, or condition, especially under specific constraints or conditions.
Maximin Strategy
A decision rule which aims to maximize the minimum payoff attainable, often used under conditions of uncertainty.
Payoffs
The returns or benefits received from a particular action or investment.
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