Managerial Economics.
This...well, this is really something else. Here's a little excerpt from Chapter 2: Game Theory, under Nash equilibrium.
"A Nash Equilibrium is a combination of strategies, one for each player, with the property that no player would unilaterally want to change his strategy given that the other players would play their Nash equilibrium strategies. So a Nash equilibrium is the best response to the strategies that a player assumes the other players are using."
.
.
.
You good.
No comments:
Post a Comment