nash equilibrium (Meaning)
nash equilibrium (n)
(game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged
Synonyms & Antonyms of nash equilibrium
No Synonyms and anytonyms found
nash equilibrium Sentence Examples
- In game theory, a Nash equilibrium occurs when no player can unilaterally improve their outcome given the choices of the other players.
- The Nash equilibrium in a game can be found by calculating the best response of each player to the strategies of the other players.
- Finding the Nash equilibrium in a game can be complex, especially in games with multiple players and complex strategies.
- The Nash equilibrium provides a solution to the problem of finding the optimal strategy in a game where players have conflicting interests.
- In the classic Prisoner's Dilemma game, the Nash equilibrium is to defect, even though this outcome is not Pareto efficient.
- In an auction, the Nash equilibrium bid for a buyer is the price that maximizes their expected profit.
- The Nash equilibrium in a game can be sensitive to changes in the parameters of the game, such as the payoffs or the number of players.
- In the game of Chicken, the Nash equilibrium is to swerve, even though this outcome could lead to a collision.
- The Nash equilibrium concept has been extended to other fields, such as economics and evolutionary biology.
- In signaling games, the Nash equilibrium involves sending signals that credibly convey information about the player's type or intentions.
FAQs About the word nash equilibrium
(game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all
No synonyms found.
No antonyms found.
In game theory, a Nash equilibrium occurs when no player can unilaterally improve their outcome given the choices of the other players.
The Nash equilibrium in a game can be found by calculating the best response of each player to the strategies of the other players.
Finding the Nash equilibrium in a game can be complex, especially in games with multiple players and complex strategies.
The Nash equilibrium provides a solution to the problem of finding the optimal strategy in a game where players have conflicting interests.
