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Cataloged Resource Summary

 

Title

Game Theory Course: 3.1 Nash Equilibrium

Author

Jim Ratliff

Category

Game Theory

Subject

Nash Equilibrium

Type

Article

Description

When rational players correctly forecast the strategies of their opponents they are not merely playing best responses to their beliefs about their opponents' play; they are playing best responses to the actual play of their opponents. When all players correctly forecast their opponents' strategies, and play best responses to these forecasts, the resulting strategy profile is a Nash equilibrium.

URL

http://www.virtualperfection.com/gametheory/Section3.1.html

Home URL

http://www.virtualperfection.com/gametheory/index.html
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