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  2. Strategic complements - Wikipedia

    en.wikipedia.org/wiki/Strategic_complements

    In economics and game theory, the decisions of two or more players are called strategic complements if they mutually reinforce one another, and they are called strategic substitutes if they mutually offset one another. These terms were originally coined by Bulow, Geanakoplos, and Klemperer (1985). [1]

  3. Complementary good - Wikipedia

    en.wikipedia.org/wiki/Complementary_good

    In economics, a complementary good is a good whose appeal increases with the popularity of its complement. [ further explanation needed ] Technically, it displays a negative cross elasticity of demand and that demand for it increases when the price of another good decreases. [ 1 ]

  4. Complementary monopoly - Wikipedia

    en.wikipedia.org/wiki/Complementary_monopoly

    A complementary monopoly is an economic concept. It considers a situation where consent must be obtained from more than one agent to obtain a good. In turn leading to a reduction in surplus generated relative to an outright monopoly, if the two agents do not cooperate.

  5. Offset strategy - Wikipedia

    en.wikipedia.org/wiki/Offset_strategy

    An offset strategy consequently seeks to deliberately change an unattractive competition to one more advantageous for the implementer. In this way, an offset strategy is a type of competitive strategy that seeks to maintain advantage over potential adversaries over long periods of time while preserving peace where possible.

  6. Risk aversion - Wikipedia

    en.wikipedia.org/wiki/Risk_aversion

    In economics and finance, risk aversion is the tendency of people to prefer outcomes with low uncertainty to those outcomes with high uncertainty, even if the average outcome of the latter is equal to or higher in monetary value than the more certain outcome.

  7. Inferior good - Wikipedia

    en.wikipedia.org/wiki/Inferior_good

    The shift in consumer demand for an inferior good can be explained by two natural economic phenomena: The substitution effect and the income effect. These effects describe and validate the movement of the demand curve in (independent) response to increasing income and relative cost of other goods. [9]

  8. Hornets apologize after pretending to give child PS5 and ...

    www.aol.com/sports/hornets-apologize-pretending...

    During last night's game there was an on-court skit that missed the mark. The skit included bad decision making and poor communication. Simply put, we turned the ball over and we apologize.

  9. Neuroeconomics - Wikipedia

    en.wikipedia.org/wiki/Neuroeconomics

    It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can guide models of economics. [ 1 ] It combines research from neuroscience , experimental and behavioral economics , and cognitive and social psychology.