Solved

Why Does a Nash Equilibrium Represent a Plausible Outcome for a Game

Question 32

Multiple Choice

Why does a Nash equilibrium represent a plausible outcome for a game?


A) If Party A chooses first,the outcome is the same as its expectation regardless of B's choice
B) If Party B chooses first,the outcome is the same as its expectation regardless of A's choice
C) Regardless of which party chooses first,if they both expect the other to choose a its Nash equilibrium,then both parties expectations will equal the outcome.
D) Neither party needs to make a choice,the market forces an agreeable equilibrium outcome
E) None of the above are correct

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents