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interquartile range

Overview page. Subjects: Sports and Exercise Medicine — Economics.

A measure of dispersion equal to the difference between the first and third quartiles in a set of numerical data.

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law of diminishing returns

Overview page. Subjects: Sports and Exercise Medicine — Economics.

A characteristic of a production system with fixed and variable inputs such that, as the amount of any given variable input increases, beyond some point each additional unit of the variable...

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nominal variable

Overview page. Subjects: Economics — Sports and Exercise Medicine.

An economic variable measured in money terms. Nominal variables are contrasted with real variables, which are measured in physical units, such as employment or steel production, and...

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strategic interaction

Overview page. Subjects: Economics — Sports and Exercise Medicine.

A situation in which the pay-off of one economic agent is dependent upon the choices of others. For example, in a duopolistic industry the profit of each firm is dependent on the choice...

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