Examlex
Which of the following rationales explains the development of the ethical endeavours section of the CNA Code of Ethics?
Payoff Matrix
In game theory, it represents the potential outcomes of a game for each player given the different strategies each player can choose.
Sequential Game
A game theory concept where players make decisions one after another, with each player having knowledge of the previous players' decisions.
Nash Equilibrium
A situation in game theory where each player's chosen strategy maximizes their payoff, given the strategies chosen by other players.
Simultaneous Game
A game theory model where players make their moves at the same time without knowing the strategies chosen by other players.
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