Understanding Nash Equilibrium in Game Theory

A solution where players are assumed to be unaware of each other's strategies

A solution in a cooperative game involving two or more players

A solution where each player can increase their expected payoff by changing their strategy

A solution where no player has anything to gain by changing only their own strategy (correct)

Players are unaware of each other's strategies

No player can increase their expected payoff by changing only their own strategy (correct)

Each player can maximize their payoff by changing their strategy

It only applies to finite games

Alice

John Nash (correct)

John Cournot

Bob

<p>When Alice has no other strategy available that does better than A at maximizing her payoff in response to Bob choosing B</p> Signup and view all the answers

<p>There is a Nash equilibrium, possibly in mixed strategies, for every finite game</p> Signup and view all the answers