Nash equilibrium
id:
nash-equilibrium-204-2234783
title:
Nash equilibrium
text:
In game theory, the Nash equilibrium is the most commonly-used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player could gain by changing their own strategy. The idea of Nash equilibrium dates back to the time of Cournot, who in 1838 applied it to his model of competition in an oligopoly. If each player has chosen a strategy – an action plan based on what has happened so far in the game – and no one can increase one's own expected payoff by changing one'
brand slug:
wiki
category slug:
encyclopedia
description:
Solution concept of a non-cooperative game
original url:
https://en.wikipedia.org/wiki/Nash_equilibrium
date created:
2002-03-21T16:31:38Z
date modified:
2024-09-09T23:26:51Z
main entity:
{"identifier":"Q23389","url":"https://www.wikidata.org/entity/Q23389"}
image:
fields total:
13
integrity:
15