Which of the Following Is True of a Nash Equilibrium

question 51

Multiple Choice

Which of the following is true of a Nash equilibrium?

• A)At least one of the players need to have a dominant strategy to arrive at a Nash equilibrium.
• B)In a Nash equilibrium,one player has an incentive to change his strategy in order to increase his profit.
• C)Each player's strategy in a Nash equilibrium is the best possible strategy given the strategy of the other player.
• D)In order to arrive at a Nash equilibrium,it is necessary for both players to credibly commit to a course of action.

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Definitions:

Assault

An act that threatens physical harm to a person, whether or not actual harm is inflicted.

Battery

In legal terms, it refers to the unlawful and intentional physical contact or force against another person without their consent.

Offensive Contact

In tort law, an act that would offend a reasonable person's personal dignity or integrity without their consent.

Transferred Intent

A legal principle allowing the intent to harm one individual to be transferred to another individual who was actually harmed.