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Smooth, round stones apparently have the power to cure the flu. The last time Harriet got the flu, she put 10 smooth, round stones in her left pocket, and each day she transferred one of them to her right pocket. After all the stones were transferred, the flu was gone! Many others have tried this cure, and it has worked every time.
Nash Equilibrium
A situation in a strategic game where each player has chosen a strategy and no player can benefit by changing strategies while the other players keep theirs unchanged.
Mixed Strategy
A game theory strategy where a player chooses between all possible actions at specified probabilities.
Expected Payoff
Expected payoff is the anticipated value of an investment or decision under uncertainty, calculated as the weighted average of its possible outcomes.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal, considering the strategies of other players, and no player has anything to gain by changing only their own strategy.
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