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The Quantity Theory of Money explains the relationship between money supply and the general price level in an economy. Fisher's Equation of Exchange and the Cambridge Equation offer different perspectives on this theory, focusing on money supply vs. demand for money, different definitions of money,

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Money has evolved from the barter system to electronic banking through various stages like animal money, metallic money, paper money, and credit money. The invention of money was crucial to overcome the limitations of barter, leading to the ideal utilization of resources and solving issues like the

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The value of money refers to its purchasing power, which is influenced by the price level of goods and services. Different standards, such as wholesale, retail, and labor, help measure the value of money. Money can have internal and external value, affecting domestic and foreign transactions. The Qu

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Game theory is a theoretical framework that analyzes social situations involving competing players. It helps predict outcomes in scenarios like pricing competition and product releases. Key elements include players, payoff, strategies, and optimal decisions. Game theory involves various types of gam

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Money serves as a medium of exchange, store of value, and unit of account in an economy. It is vital for economic transactions and stability. The quantity of money is measured using concepts like liquidity and monetary aggregates. The demand for money is linked to the Quantity Theory of Money, which

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This tutorial series discusses econometric theory for games, covering estimation in static games, Markovian dynamic games, complete information games, auction games, algorithmic game theory, and mechanism design. It explores topics like multiplicity of equilibria, set inference, and mechanism design

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Generate innovative ideas and use cases to accelerate the digital revolution of Passenger Rail and Rail Freight at the Hack 2 Rail event. The event aims to attract startups from across Europe for a 2-day design hackathon where multi-national teams brainstorm solutions to challenges. Winners stand a

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Delve into the intricacies of repeated games in game theory, including finitely and infinitely repeated games with and without perfect monitoring, trigger strategies, and folk theorems. Explore the concept of subgame perfect equilibrium (SPE) in finitely repeated games through examples like the Pris

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Explore the significance of studying games, origins of game AI algorithms like Minimax, Alpha-beta search, and more. Learn about types of game environments, zero-sum games, strategies in two-player games, and game trees. Delve into the complexity of game theory and the evolving landscape of artifici

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