Asked by
Emmanuel Macias
on Oct 14, 2024
Verified
In Nash equilibrium, each player is making an optimal choice for herself, given the choices of the other players.
Nash Equilibrium
A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged.
Optimal Choice
The most efficient or favorable option selected from a set of alternatives, based on criteria or preferences.
- Acquire knowledge on the Nash equilibrium notion and how it is employed in diverse strategic contexts.
Verified Answer
LW
Learning Objectives
- Acquire knowledge on the Nash equilibrium notion and how it is employed in diverse strategic contexts.