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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Matthew sells tickets for a school lottery at 3$/each. He wants to know how much profits he will make according to the number of tickets sold knowing that he starts with 2$.
