When all players in a game choose the best strategy they can,given the choices of all other players,it is always a:
A) Nash equilibrium.
B) positive-positive outcome.
C) cooperative equilibrium.
D) negative-negative equilibrium.

Question

Quizplus · Accepted Answer

Nash equilibrium is the most stable outcome of a game when each player knows the strategies of the other players and plays the best strategy given the choices of other players. In a Nash equilibrium, no player can unilaterally change their strategy to get a better outcome. Therefore, it is always the best choice when all players choose the best strategy given the choices of all other players. The other options, positive-positive, cooperative equilibrium, and negative-negative equilibrium, are not applicable in all games and may not represent the best outcome in all situations.

When All Players in a Game Choose the Best Strategy