A Nash Equilibrium Occurs

question 228

Multiple Choice

A Nash equilibrium occurs

• A) when each player acts without considering the actions of the other player.
• B) when each player takes the best possible action given the action of the other player.
• C) only when players use the tit-for-tat strategy.
• D) only when the game is played in Nashville, TN.
• E) when each player takes the action that makes the combined payoff for all players as large as possible.

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Definitions:

Classical Conditioning

An educational method where two stimuli are consistently associated together, leading to a reaction initially triggered by the second stimulus being provoked solely by the first stimulus over time.

Conditioned Response

An automatic response established by training to an ordinarily neutral stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any need for learning.

Taste Aversions

A learned response where an individual develops a dislike or avoidance of a food after a negative experience, such as illness, associated with it.