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

Nash equilibrium is a concept within game theory where each player's strategy is optimal given the strategies of other players, resulting in no incentive to deviate from their chosen strategy.

Economist John Nash Analyzed Game Theory and Came Up