Economist John Nash analyzed game theory and came up with a most likely outcome based on the best net benefit to each party. Such an outcome is called the:
A) production possibilities matrix.
B) payoff matrix.
C) foursquare decision algorithm.
D) Nash equilibrium.

Question

Quizplus · Accepted Answer

The Nash equilibrium is the most likely outcome based on the best net benefit to each party, as determined by game theory. The other choices are not related to game theory or the concept of net benefit.

Economist John Nash Analyzed Game Theory and Came Up with a Most