Quote by P. Ordeshook

The concept of a Nash equilibrium n-tuple is perhaps the most important idea in noncooperative game theory.

The concept of a Nash equilibrium n-tuple is perhaps the mos

Summary

A Nash equilibrium n-tuple refers to a crucial concept in noncooperative game theory. It represents a situation where each player in a game has chosen a strategy that aligns with their own self-interest, given the strategies chosen by the other players. In other words, no player has an incentive to unilaterally change their strategy. Nash equilibrium n-tuple is significant as it helps analyze and predict outcomes in decision-making scenarios involving multiple players, establishing a stable state where no player can improve their position by deviating from their chosen strategy.

Topics

Gambling (gaming)

By P. Ordeshook

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