Which Statement Is NOT True About a Nash Equilibrium

question 95

Multiple Choice

Which statement is NOT true about a Nash equilibrium?

• A) It represents an outcome that maximizes all players' expected payoffs.
• B) It results from each player using a best-response strategy to all other players.
• C) There can be more than one Nash equilibrium in a game.
• D) A Nash equilibrium gives each player the highest possible payoff in the game.

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Definitions:

Normally Distributed

Symmetric around the mean, this probability distribution illustrates a decline in occurrences as you move away from the mean, emphasizing more frequent near-mean data points.

Population Assumptions

Premises or conditions considered to be true about a population from which a sample is drawn for statistical analysis.

Wilcoxon Rank Sum Test

A statistical test that doesn't rely on parameter-based data, designed to evaluate if there's a difference in the population mean ranks between two unrelated samples.

5% Significance Level

A threshold in hypothesis testing that indicates a 5% probability of rejecting the null hypothesis when it is actually true, a standard benchmark in statistical analysis to determine significance.