Examlex
Agatha is 83 years old. According to Baltes and his colleagues, ________ and ________ in her capacities will take center stage.
Payoff Matrix
A table that shows the potential outcomes of different strategies in a game or decision-making situation for all involved players.
Dominant Strategies
In game theory, strategies that result in the best possible outcome for a player, regardless of the actions taken by other players.
Backward Induction
A method used in game theory and decision-making processes that involves reasoning backwards from the end of a problem or scenario to determine a sequence of optimal actions.
Extensive Form
A representation of a game that displays the sequences of choices available to players, including their possible strategies and outcomes.
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