Nash Equilibrium by Decoding the Marketplace

The Nash Equilibrium is a fundamental concept in game theory, named after mathematician John Nash. It represents a stable state in more info a strategic interaction where no player has anything to gain by changing only their own strategy, assuming the other players keep their strategies unchanged.

In a game with two or more players, a Nash Equilibrium occurs when (i) each player's strategy is the best response to the strategies of the other players; (ii) no player can improve their payoff by unilaterally deviating from their strategy. Read more this subject on www.decoding.market

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