A Nash equilibrium:
A)is reached when all players choose the best strategy they can, given the choices of all other players.
B)occurs when no player has an incentive to change strategy, given other players' decisions.
C)is considered to be a stable outcome of a game.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

All of the statements accurately describe characteristics of a Nash equilibrium. It is a concept in game theory where each player's strategy is optimal, given the strategies of all other players, leading to a situation where no player has an incentive to deviate from their chosen strategy, making it a stable outcome.

A Nash Equilibrium