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 65 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
Wow, this really help

chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

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?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Dominant piebald spotting Dominant piebald spotting
In some species, dominant females have more surviving offspring that mature earlier indicating an ad In some species, dominant females have more surviving offspring that mature earlier indicating an ad
Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
The Distribution of Dominant and Minority Groups The Distribution of Dominant and Minority Groups
The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ... The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino ...
Autosomal dominant inheritance Autosomal dominant inheritance
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library