Examlex
Prisoners allowed to move their furniture and adjust their lighting feel less stress.This best illustrates the value of
Payoff
The return or profit gained from an investment or decision.
Prisoner's Dilemma
A theoretical framework in game theory illustrating that two rational individuals might not cooperate, even if it appears that it is in their best interest to do so.
Deny the Crime
The act of declaring one's innocence in response to an accusation of criminal activity.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of all other players, leading to a situation where no participant can benefit by changing strategies while others keep theirs unchanged.
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