Question
In game theory and economic theory, a mathematical
representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants, is known as:Solution
Nash Equilibrium is a stable state of a system involving the interaction of different participants, in which no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged. The Nash equilibrium is one of the foundational concepts in Game Theory. In Zero-Sum game , if the total gains of the participants are added up and the total losses are subtracted, they will sum to zero. In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses can be less than or more than zero. A zero-sum game is also called a strictly competitive game while non-zero-sum games can be either competitive or non-competitive The Zero Game is the game where neither player has any legal options.
Negligence as a tort was developed in the case of?
What is the maximum penalty for selling sub-standard food under FSS Act?
What does the Rule of Ejusdem Generis state about the interpretation of statutes?
The term "relevancy" in the Act is primarily dealt with under which section?
What happens to the property of an intestate who leaves neither a widow nor kindred??
Law of Limitation is based on the maxim-
Under section 6 of the Prevention of Corruption Act, 1988 the Special judges can pass a sentence of imprisonment for a term not exceeding _________year
In the case of a private company, ________________, shall be the quorum for a meeting of the company
Interpretation is__________________
In the case of Supreme Court Advocates on-Record Association and another Vs Union of India which of the following amendment to the constitution has been...