When a Nash equilibrium is reached:
A. the outcome will only change if the "lead" player changes his strategy.
B. no one has an incentive to break the equilibrium by changing his strategy.
C. it must be true that all players have a dominant strategy.
D. None of these statements is true.
B. no one has an incentive to break the equilibrium by changing his strategy.
You might also like to view...
Which of the following will cause the price of beer to rise?
A) A shift to the right in the demand curve for beer B) A shift to the left in the supply curve of beer C) both A and B D) none of the above
Technology or production processes developed in a particular country:
A. may give that country a temporary comparative advantage. B. may set that country back until they earn back the research and development costs. C. will give that country a permanent comparative advantage. D. generally are not transferrable to other nations.
Fill in the blank: ________ leads to speculation
A) Love B) Uncertainty C) Greed D) Money E) Sin
Which of the following bond ratings by Moody's Investors Service would NOT be considered to be below investment grade?
A) Baa B) Ba C) B D) All of these ratings are considered below investment grade.