A _____ occurs when each player adopts a strategy is the best response to the strategy adopted by a rival.
A) Bayesian equilibrium.
B) Von Neuman equilibrium.
C) Focal-point equilibrium.
D) Nash equilibrium.
E) Minimax equilibrium.

Question

Quizplus · Accepted Answer

A Nash equilibrium occurs when each player in a game adopts a strategy that is the best response to the strategies adopted by other players, meaning no player has anything to gain by changing only their own strategy unilaterally.

A _____ Occurs When Each Player Adopts a Strategy Is