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In Game theory, the minimum effort game or weakest link game is a game in which each person decides how much effort to put in and is rewarded based on the least amount of effort anyone puts in. [1] It is assumed that the reward per unit of effort is greater than the cost per unit effort, otherwise there would be no reason to put in effort.
Some researchers include a metacognitive component in their definition. In this view, the Dunning–Kruger effect is the thesis that those who are incompetent in a given area tend to be ignorant of their incompetence, i.e., they lack the metacognitive ability to become aware of their incompetence.
Predicate transformer semantics were introduced by Edsger Dijkstra in his seminal paper "Guarded commands, nondeterminacy and formal derivation of programs".They define the semantics of an imperative programming paradigm by assigning to each statement in this language a corresponding predicate transformer: a total function between two predicates on the state space of the statement.
In mathematical economics, the Arrow–Debreu model is a theoretical general equilibrium model. It posits that under certain economic assumptions ( convex preferences , perfect competition , and demand independence), there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy.
In mathematics, a weak equivalence is a notion from homotopy theory that in some sense identifies objects that have the same "shape". This notion is formalized in the axiomatic definition of a model category. A model category is a category with classes of morphisms called weak equivalences, fibrations, and cofibrations, satisfying several axioms.
Therefore, we can define an ordering on the weak components, according to which < when all vertices in can reach all vertices in . By definition, X ≮ X {\displaystyle X\nless X} . This is an asymmetric relation (two elements can only be related in one direction, not the other) and it inherits the property of being a transitive relation from ...
The finiteness of the weakest-link chain model causes major deviations from the Weibull distribution. As the structure size, measured by N e q {\displaystyle N_{eq}} , increases, the grafting point of the Weibullian left part moves to the right until, at about N e q = 10 4 {\displaystyle N_{eq}=10^{4}} , the entire distribution becomes Weibullian.
In decision theory, the weighted sum model (WSM), [1] [2] also called weighted linear combination (WLC) [3] or simple additive weighting (SAW), [4] is the best known and simplest multi-criteria decision analysis (MCDA) / multi-criteria decision making method for evaluating a number of alternatives in terms of a number of decision criteria.