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yl8976 / BEPP-250-Final-Exam-Study-Guide
Last active May 5, 2017 08:56
BEPP 250 Final Exam Study Guide
#BEPP 250 Final Exam Study Guide
By Young Lee
Last Updated: May 1st, 2017
## Game Theory: Static Games
#### Definitions
**Strategic Situation** — multiple players, a player's wellbeing dependent on others' decisions, optimal choice depends on other players' likely choices (strategic interdependence).