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Pure play method. In finance, the "pure play method" is an approach used to estimate the cost of equity capital of private companies, which involves examining the beta coefficient of other public and single focused companies. [2] See also Hamada's equation. Here, when estimating a private company A's equity beta coefficient, the equity beta ...
The first pure play semiconductor company is the Taiwan Semiconductor Manufacturing Corporation, a spin-off of the government Industrial Technology Research Institute, which split its design and fabrication divisions in 1987, [5] a model advocated for by Carver Mead in the U.S., but deemed too costly to pursue.
A pure strategy provides a complete definition of how a player will play a game. Pure strategy can be thought about as a singular concrete plan subject to the observations they make during the course of the game of play. In particular, it determines the move a player will make for any situation they could face.
A Nash equilibrium is a situation where no player could gain by changing their own strategy (holding all other players' strategies fixed). [ 1 ] The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly.
Zero-sum game is a mathematical representation in game theory and economic theory of a situation that involves two competing entities, where the result is an advantage for one side and an equivalent loss for the other. [1] In other words, player one's gain is equivalent to player two's loss, with the result that the net improvement in benefit ...
v. t. e. Game theory is the study of mathematical models of strategic interactions. [ 1 ] It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. [ 2 ] Initially, game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly ...
Strategy (game theory) Superset of. Rationalizable strategy. Significance. Used for. Prisoner's dilemma. In game theory, a dominant strategy is a strategy that is better than any other strategy for one player, no matter how that player's opponent will play. Some very simple games can be solved using dominance.
Lila (Hinduism) Lila (Sanskrit: लीला līlā) or leela (/ ˈliːlə /) can be loosely translated as "divine play". The concept of lila asserts that creation, instead of being an objective for achieving any purpose, is rather an outcome of the playful nature of the divine. As the divine is perfect, it could have no want fullfilled ...