Examlex

Solved

An Equilibrium in Which Each Player Chooses Its Best Strategy

question 185

True/False

An equilibrium in which each player chooses its best strategy given the strategies chosen by the other players is called a Nash equilibrium.


Definitions:

Replication

The process of repeating a research study or experiment to confirm its results.

Tay-Sachs Disease

A disorder that produces blindness and muscle degeneration prior to death; there is no treatment.

Muscle Degeneration

The decline in muscle strength and mass, often due to aging, disease, or lack of use.

Fragile X Syndrome

A disorder produced by injury to a gene on the X chromosome, producing mild to moderate mental retardation.

Related Questions