A Nash Equilibrium in a game is that outcome in which

Question

Quizplus · Accepted Answer

A Nash Equilibrium is a state in which both players in a game have chosen a strategy and no player has an incentive to change their strategy, given the other player's strategy. In other words, each player is doing the best they can given the other player's action, which is the definition given in option A. Options B and C are not sufficient because a Nash Equilibrium does not necessarily mean that players' profits are equal or that they are earning the highest profits possible. Option D is incorrect because a Nash Equilibrium can involve the players playing their dominant strategies.

A Nash Equilibrium in a Game Is That Outcome in Which