In Game Theory, a Nash Equilibrium Is

question 240

Multiple Choice

In game theory, a Nash equilibrium is

• A)an outcome in which each player is doing his best given the strategies chosen by the other players.
• B)an outcome in which no player wishes to change her chosen strategy given the strategies chosen by the other players.
• C)the outcome that occurs when all players have a dominant strategy.
• D)All of the above are correct.

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Definitions:

Collection

The process of gathering data or items together, often for the purpose of analysis or to make sense of a set of findings.

Probability

A quantitative measure that indicates the likelihood of a particular event occurring.

Event

In probability and statistics, an occurrence or a set of outcomes of a particular experiment or situation.

Chance

The occurrence of events in the absence of any cause or pattern, often described in terms of probability.