Nash Equilibria Always Maximize Total Surplus in Society

question 114

True/False

Nash equilibria always maximize total surplus in society.

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Definitions:

Self-Discrepancy

The difference between an individual’s ideal self (how they would like to be) and their actual self (how they actually are or perceive themselves to be).

Actual Self

An individual's perception of the self, including abilities and characteristics, as they exist in reality.

Ideal Self

An individual's conception of how they would like to be, encompassing aspirations, values, and traits they strive to embody.

Role Identities

Individuals’ concept of self in specific social roles.