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:

Change Agent

Tries to change the behaviour of another person or social system.

Performance Gap

A discrepancy between the desired and actual state of affairs.

Performance Gap

The difference between actual performance and desired or expected performance, often identified as an area for improvement.