Nash equilibrium, Game Theory

 

A Nash equilibrium, named when John Nash, may be a set of methods, one for every player, such that no player has incentive to unilaterally amendment her action. Players are in equilibrium if a amendment in methods by anyone of them would lead that player to earn but if she remained along with her current strategy. For games during which players randomize (mixed strategies), the expected or average payoff should be a minimum of as massive as that obtainable by the other strategy.

 

Posted Date: 7/21/2012 4:36:02 AM | Location : United States







Related Discussions:- Nash equilibrium, Assignment Help, Ask Question on Nash equilibrium, Get Answer, Expert's Help, Nash equilibrium Discussions

Write discussion on Nash equilibrium
Your posts are moderated
Related Questions
the first three words are ''''the boys'' down''''. what are the last three words?

Twentieth century mathematician who expanded on earlier fastened purpose theorems. a hard and fast purpose theorem defines the conditions on a perform, f(x), beneath that there exi

Scenario Two hooligans with one thing to prove drive at one another on a slender road. the primary to swerve loses faces among his peers. If neither swerves, however, a terminal

The interaction among rational, mutually aware players, where the choices of some players impacts the payoffs of others. A game is described by its players, every player's methods,

Game Theory has evolved since its origins as an idea exercise for educational mathematicians. Taught in prime business faculties, economics departments, and even military academies

Evolutionary game theory provides a dynamic framework for analyzing repeated interaction. Originally modeled when "natural models" of fitness, a population might contains folks gen

Eighteenth century Dutch mathematician codified the notion of expected utility as a revolutionary approach to risk. He noted that folks don't maximize expected returns however expe

The following is a payoff matrix for a non-cooperative simultaneous move game between 2 players. The payoffs are in the order (Player 1; Player 2): What is the Nash Equilibri

1. This question and the next is based on the following description. Consider the coalitional game (referred to as Game 1) given by: N = {1,2,3,4}; v(N) = 3, v{i} = 0, i = 1,...,4,

Problem: Consider a (simplified) game played between a pitcher (who chooses between throwing a fastball or a curve) and a batter (who chooses which pitch to expect). The batter ha