A Nash Equilibrium Is a Condition That

question 81

Multiple Choice

A Nash equilibrium is a condition that:

• A) results in the highest payoff to a player regardless of the opponent's action.
• B) guarantees the highest payoff given the worst possible scenario.
• C) describes a set of circumstances in which no player can improve her payoff by unilaterally changing her own strategy, given the other players' strategies.
• D) randomizes over two or more available actions in order to keep rivals from being able to predict a player's action.

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Definitions:

Matthew Snipp

An American sociologist known for his work on the demographic and sociological analysis of racial and ethnic groups in the United States.

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