A state in which no player will wish to change his or her behavior given the behavior of the other players is known as equilibrium.

Name: A state in which no player will wish to change his or her behavior given the behavior of the other players is known as equilibrium.
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Question

Quizplus · Accepted Answer

This is the definition of Nash equilibrium, named after John Nash, a Nobel Prize winning economist who developed the concept.

A State in Which No Player Will Wish to Change