A Nash equilibrium is an outcome in a game where neither player has an incentive to change their behavior, given the action or strategy of the other player. It represents a state of mutual best responses.
Conditions: Applies to a specified game outcome.; Each player's action is evaluated against the other player's fixed action.; The definition concerns unilateral deviation incentives.
A Nash equilibrium is an outcome in a game where neither player has an incentive to change their behavior, given the action or strategy of the other player. It represents a state of mutual best responses.
Conditions: Applies to a specified game outcome.; Each player's action is evaluated against the other player's fixed action.; The definition concerns unilateral deviation incentives.
In a normal-form payoff matrix, each cell contains an ordered pair of payoffs. The first number represents the payoff for Player 1 (the row player), and the second number represents the payoff for Player 2 (the column player).
Conditions: The game is represented in normal form (a payoff matrix).; Player 1 is assigned to the rows and Player 2 is assigned to the columns.; The payoff convention is explicitly stated as (Player 1, Player 2).
In a normal-form payoff matrix, each cell contains an ordered pair of payoffs. The first number represents the payoff for Player 1 (the row player), and the second number represents the payoff for Player 2 (the column player).
Conditions: The game is represented in normal form (a payoff matrix).; Player 1 is assigned to the rows and Player 2 is assigned to the columns.; The payoff convention is explicitly stated as (Player 1, Player 2).