A set of strategies (one for each player) in which each player's strategy is the best option for that player, given the chosen s

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Alekssandra [29.7K]

2 years ago

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A set of strategies (one for each player) in which each player's strategy is the best option for that player, given the chosen s

trategy of the player's opponents

SAT

1 answer:

GREYUIT [131] · Answer 1 · 2023-03-28T04:13:06+03:00

Nash equilibrium is a set of strategies in which each player's strategy is considered as the best option for that player, based on the chosen strategy of their opponents.

<h3>What is a strategy?</h3>

A strategy refers to a set of guiding principles, actions, behavior, and decisions that a player strategically combines, so as to successfully achieve his or her goals, objectives, and possess a competitive advantage over opponents.

In game theory, it should be noted that Nash equilibrium is a set of strategies in which each player's strategy is considered as the best option for that player, based on the chosen strategy of their opponents.

Read more on Nash equilibrium here: brainly.com/question/17515037

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