Biology Forums - Study Force

Other Fields Homework Help Economics Topic started by: Loraine on Jun 21, 2015



Title: A Nash equilibrium is defined as
Post by: Loraine on Jun 21, 2015
A Nash equilibrium is defined as
A) earning zero economic profit in the long run.
B) forming a cartel with strong penalties for cheaters.
C) relying on other game players to realize the benefit of cooperation.
D) each player taking the best possible action given the action of the other player.
E) each player taking the action that is best for all the players.


Title: Re: A Nash equilibrium is defined as
Post by: VincenzoD on Jul 22, 2015
Content hidden