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Questions and Answers
In game theory, the Nash equilibrium is named after John Nash.
In game theory, the Nash equilibrium is named after John Nash.
True (A)
In a Nash equilibrium, each player is assumed to know the equilibrium strategies of the other players.
In a Nash equilibrium, each player is assumed to know the equilibrium strategies of the other players.
True (A)
The principle of Nash equilibrium dates back to the time of Cournot.
The principle of Nash equilibrium dates back to the time of Cournot.
True (A)
If each player can increase their expected payoff by changing their strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium.
If each player can increase their expected payoff by changing their strategy while the other players keep theirs unchanged, then the current set of strategy choices constitutes a Nash equilibrium.
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In a Nash equilibrium, Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B.
In a Nash equilibrium, Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B.
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