Examlex
When transactions are typically processed as each transaction occurs, it is called "real-time processing".
Nash Equilibrium
A principle in game theory stating that there is no advantage for any player to alter their strategy if all other participants maintain their current strategies.
Simultaneous Move Game
A game theory model where all players make their decisions or moves at the same time, without knowledge of the others' choices.
Prisoner's Dilemma
A situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome.
Lockout
A situation where an employer prevents employees from entering the workplace, typically during a labor dispute.
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