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 |
