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Posts Tagged Game theory

What Is a Nash Equilibrium? (Game theory)

What Is a Nash Equilibrium? (Game theory)

A Nash equilibrium, named after John Nash, is a set of strategies, one for each player, such that no player has incentive to unilaterally change her action. Players are in equilibrium if a change in strategies by any one of them would lead that player to earn less than if she remained with her current strategy. For games in which

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