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Nash Equilibrium Made Easier
Compiled by SuperProfs.c...
Learn from India’s Best Professors
Definition
Nash equilibrium, in economics and game
theory, is a fundamental concept tha...
Learn from India’s Best Professors
Origin
The Nash equilibrium was named after
American mathematician John Forbes
Nash Jr....
Learn from India’s Best Professors
The ISID Ensyslopedia of Science and
Philosophy said the concept is used for the
follow...
Learn from India’s Best ProfessorsLearn from India’s Best Professors
To watch lecture videos related to
Game Theory, visit...
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Nash Equilibrium Made Easier

Nash equilibrium, in economics and game theory, is a fundamental concept that involves two or more players, where each player is believed to know the equilibrium strategies of the other players, and no player stands to gain by only changing their own strategy. 
Published on: Mar 3, 2016
Published in: Education      
Source: www.slideshare.net


Transcripts - Nash Equilibrium Made Easier

  • 1. Learn from India’s Best ProfessorsLearn from India’s Best Professors Nash Equilibrium Made Easier Compiled by SuperProfs.com
  • 2. Learn from India’s Best Professors Definition Nash equilibrium, in economics and game theory, is a fundamental concept that involves two or more players, where each player is believed to know the equilibrium strategies of the other players, and no player stands to gain by only changing their own strategy.
  • 3. Learn from India’s Best Professors Origin The Nash equilibrium was named after American mathematician John Forbes Nash Jr., who won the Nobel prize in economics in 1994.
  • 4. Learn from India’s Best Professors The ISID Ensyslopedia of Science and Philosophy said the concept is used for the following types of analysis: • causes of war • agenda manipulation in legislature • candidate's election strategies • actions of interest groups
  • 5. Learn from India’s Best ProfessorsLearn from India’s Best Professors To watch lecture videos related to Game Theory, visit SuperProfs.com NOW!