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The narrative theory of equilibrium was proposed by Bulgarian narratologist Tzvetan Todorov in 1971. Todorov delineated this theory in an essay entitled The Two Principles of Narrative . The essay claims that all narratives contain the same five formal elements: equilibrium, disruption, recognition, resolution, and new equilibrium.
Tzvetan Todorov (/ ˈ t ɒ d ə r ɔː v,-r ɒ v /; French: [tsvetan tɔdɔʁɔv, dzve-]; Bulgarian: Цветан Тодоров; 1 March 1939 – 7 February 2017) was a Bulgarian-French historian, philosopher, structuralist literary critic, sociologist and essayist.
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A Markov perfect equilibrium is an equilibrium concept in game theory. It has been used in analyses of industrial organization , macroeconomics , and political economy . It is a refinement of the concept of subgame perfect equilibrium to extensive form games for which a pay-off relevant state space can be identified.
Strict stationary equilibria: [6] A Nash equilibrium is called strict if each player strictly prefers the infinite sequence of outcomes attained in equilibrium, over any other sequence he can deviate to. A Nash equilibrium is called stationary if the outcome is the same in each time-period. An outcome is attainable in strict-stationary ...
In structural semantics, the actantial model, also called the actantial narrative schema, is a tool used to analyze the action that takes place in a story, whether real or fictional. [1] [2] It was developed in 1966 by semiotician Algirdas Julien Greimas. [3] [4] The model considers an action as divided into six facets, called actants. [1]
In game theory, a solution concept is a formal rule for predicting how a game will be played. These predictions are called "solutions", and describe which strategies will be adopted by players and, therefore, the result of the game. The most commonly used solution concepts are equilibrium concepts, most famously Nash equilibrium.
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