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.
Which of the following are not a part of liquid assets/quick assets
Consider the following statements about indifference curves:
1. Indifference curves are convex to the origin.
2. Higher indifference curve...
Delegation is considered as an important principle in management. It is a part of the _______ Â management function
Which of the following is the new interest rate benchmark, introduced by RBI, based on secured money markets, as a better replacement to MIBOR ?
RBI created Payments Infrastructure Development Fund (PIDF) which intends to subsidise deployment of payment acceptance infrastructure in the country. T...
A company has Rs.500,000 of debt outstanding with a coupon rate of 10%. The yield to maturity on these bonds is 15%. If the rate of tax is 40%, what is...
The new monetary Policy tool introduced by RBI this year in place of Reverse Repo was recommended earlier by which committee?
As the number of stocks in a portfolio increases, the portfolio’s systematic risk:
According to the RBI Annual Report 2023-24, what was India’s headline inflation rate for the fiscal year 2023-24?
A report on the 2021 Human Development Index (HDI)Â is part of the Human Development Report 2021-2022 released by the United Nations Development Program...