This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is a Nash equilibrium? How is it different from a dominant ... (Read 44 times)

mcmcdaniel

  • Hero Member
  • *****
  • Posts: 550
on: Jun 30, 2018
What is a Nash equilibrium? How is it different from a dominant strategy.

Question 2

A person acting as a supervisor as well as a residual claimant:
 a. attempts to make value-maximizing investment decisions.
  b. aims to maximize a firm's sales.
  c. facilitates maximum investment in capital goods.
  d. reduces risk of opportunism.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LP

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 30, 2018
Answer to Question 1

The Nash equilibrium is a set of strategies where each firm (player) is said to be doing as well as it can given the actions of its competitors. With a dominant strategy, a firm (player) will do as well as it can regardless of the actions of its competitors.

Answer to Question 2

A


mcmcdaniel

  • Member
  • Posts: 550
Reply 2 on: Jun 30, 2018
Gracias!

dawsa925

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Inheritance of an autosomal dominant disorder Inheritance of an autosomal dominant disorder
Dominant epistasis due to a white mutation Dominant epistasis due to a white mutation
Dominant interactions between hemoglobin subunits Dominant interactions between hemoglobin subunits
What will be the pH of the solution once equilibrium is established? What will be the pH of the solution once equilibrium is established?
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Write the acidic equilibrium equation for HC₆H₅O. Write the acidic equilibrium equation for HC₆H₅O.
Video: Electrical changes in the heart

For a complete list of videos, visit our video library