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 55 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
Thanks for the timely response, appreciate it

ashely1112

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Dominant piebald spotting Dominant piebald spotting
Comparison of reactions at equilibrium and steady state Comparison of reactions at equilibrium and steady state
Othmer’s Equilibrium Still Schematic Diagram Othmer’s Equilibrium Still Schematic Diagram
Write equilibrium constant expressions for the following reactions in terms of concentration: Write equilibrium constant expressions for the following reactions in terms of concentration:
Autosomal dominant inheritance Autosomal dominant inheritance
A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa A Short List of Human X-Linked Recessive and X-Linked Dominant Traitsa
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library