Explain Nash equilibrium
What will be an ideal response?
In game theory, the most common form of equilibrium is called Nash equilibrium. It involves a list of strategies, one for each player, with the property that no manager wants to change its strategy unilaterally. In other words, for each manager, its strategy in the equilibrium is the best response to the others' strategies in the equilibrium.
You might also like to view...
Which of the following would be most appropriate when closing a direct format message with negative news?
A) Offer a sincere apology. B) Offer contact information in the event the reader wants to further discuss the issue. C) Provide reasons for the news. D) Offer an alternative solution. E) End on a cheerful, positive note that minimizes the impact of the negative news.
Mirena, a female, and Neil, a male, are employees of Operational Tech Processes Corporation. Mirena regularly e-mails sexually explicit images to Neal via Operational Tech's network. Neil finds this offensive. This is A) hostile-environment harassment
B) not harassment or any form of discrimination.? C) quid pro quo harassment. D) same-gender harassment.
From a sample of 400 people who were asked if they were in favor of a proposition to ban smoking in restaurants, 320 responded yes. Develop a 98% confidence interval using this sample
A _______ is a hypothesis that reflects the difference between groups but does not specify the direction of the difference.
a.Null hypothesis b.Directional research hypothesis c.Nondirectional research hypothesis d.None of the above