A Game's Outcome Is a Nash Equilibrium When

question 28

Multiple Choice

A game's outcome is a Nash equilibrium when

• A) any attempt to improve one player's payoff will lower the other player's payoff.
• B) neither player wants to change his strategy,given the strategy chosen by the other player.
• C) the total payoff to the players is as large as possible.
• D) the first player has selected his strategy taking the second player's optimal response into account.

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Definitions:

B-24 Medium Bombers

The B-24 Liberator, an American heavy bomber aircraft used extensively during World War II, noted for its long-range bombing capabilities and high payload.

Ford

An American multinational automaker founded by Henry Ford, known for revolutionizing the automobile industry with assembly line production methods.

Operant Conditioning

A type of learning in which a behavior becomes more likely to recur if followed by a reinforcer or less likely to recur if followed by a punisher.

Respondent Behavior

Behavior that occurs as an automatic response to some stimulus.