economic decision
Opportunity cost
What is the most desirable alternative given up as the result of a decision; the benefit you gave up when you made the decision
What is strategic decision-maker within the context of the game
Cost benefit analysis
What is pros and cons… weighing the cost for a decision/ product and its benefits to determine if we should make the decision/ buy it
Strategy
What is a complete plan of action a player will take given the set of circumstances that might arise within the game.
Incentives
What is a prize in order for someone to do something for you.
Non zero sum
What's the winnings and losses of all players do not add up to zero and everyone can gain: a win-win game.
Cost
What is how much has to be given up in order to get something when you make a particular decision
zero sum game
What is a situation in game theory in which one person's gain is equivalent to another's loss, so the net change in wealth or benefit is zero. A zero-sum game may have as few as two players or as many as millions of participants.
Benefit
What is how much you gain when you make a particular decision
Debt
What is if you are in debt or get into debt, you owe money.