The conditions that will always identify a Nash equilibrium include:
A) subjectively getting into the mind of one's opponent
B) a reflexive assessment of the best reply responses
C) a prospective condition of improvement
D) a through c
E) b and c only

Question

The conditions that will always identify a Nash equilibrium include: ​
A) ​subjectively getting into the mind of one's opponent
B) a reflexive assessment of the best reply responses
C) ​a prospective condition of improvement
D) a through c
E) ​b and c only

Quizplus · Accepted Answer

The conditions that will always identify a Nash equilibrium are a reflexive assessment of the best reply responses (option B) and a prospective condition of improvement (option C). Subjectively getting into the mind of one's opponent (option A) is not needed, and option D includes option A, which is incorrect. Therefore, the correct choice is E, which includes only options B and C.

The Conditions That Will Always Identify a Nash Equilibrium Include