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This is an extended usage of word gridlock specifically in economics to describe the common situation that occurs in the competition within an industry or a company. The similar usage of gridlock can be seen in politics as well.
Isometric video game graphics are graphics employed in video games and pixel art that use a parallel projection, but which angle the viewpoint to reveal facets of the environment that would otherwise not be visible from a top-down perspective or side view, thereby producing a three-dimensional (3D) effect.
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
An important implication of prospect theory is that the way economic agents subjectively frame an outcome or transaction in their mind affects the utility they expect or receive. Narrow framing is a derivative result which has been documented in experimental settings by Tversky and Kahneman, [ 6 ] whereby people evaluate new gambles in ...
In artificial intelligence, with implications for cognitive science, the frame problem describes an issue with using first-order logic to express facts about a robot in the world. Representing the state of a robot with traditional first-order logic requires the use of many axioms that simply imply that things in the environment do not change ...
Gridlock on a network of two-way streets. The red cars are those causing the gridlock by stopping in the middle of the intersection. Gridlock is a form of traffic congestion where continuous queues of vehicles block an entire network of intersecting streets, bringing traffic in all directions to a complete standstill.
Data are commonly used in scientific research, economics, and virtually every other form of human organizational activity. Examples of data sets include price indices (such as the consumer price index), unemployment rates, literacy rates, and census data. In this context, data represent the raw facts and figures from which useful information ...
Other sampling frames can include employment records, school class lists, patient files in a hospital, organizations listed in a thematic database, and so on. [1] [5] On a more practical levels, sampling frames have the form of computer files. [1] Not all frames explicitly list population elements; some list only 'clusters'.