5 Questions
In game theory, the Nash equilibrium is named after John Nash.
True
In a Nash equilibrium, each player is assumed to know the equilibrium strategies of the other players.
True
The principle of Nash equilibrium dates back to the time of Cournot.
True
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.
False
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.
True
Test your knowledge of game theory with this quiz on Nash equilibrium! Explore the concepts behind this strategic solution in non-cooperative games and discover how players' strategies interact. Challenge yourself with questions on John Nash's influential theory and see if you can identify and analyze Nash equilibria.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
