Which of the following conditions are necessary for the existence of a Nash equilibrium?
A) The existence of dominant strategies for both players.
B) The existence of a dominant strategy for one player and the existence of a secure strategy for another player.
C) The existence of a secure strategy for both players.
D) None of the preceding answers is correct.

Question

Quizplus · Accepted Answer

Nash equilibrium does not require the existence of dominant or secure strategies for any player. It is a concept that describes a situation where no player can benefit by changing their strategy while the other players keep theirs unchanged, regardless of the existence of dominant or secure strategies.

Which of the Following Conditions Are Necessary for the Existence