« previous next »

Author Question: Nash equilibrium is: a. where one player maximizes his payoff and the other doesn't b. where each ... (Read 59 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jul 1, 2018
Nash equilibrium is:
 a. where one player maximizes his payoff and the other doesn't
  b. where each player maximizes the expected payoff
  c. similar to a dominant strategy
  d. difficult to determine

Question 2

The difference between a Nash equilibrium strategy and a dominant strategy is:
 a. nothing; they are synonymous.
  b. the former is stable but the latter is unstable.
  c. the former must be a best response to all others' strategy profiles, whereas the latter need only be a best response to others' Nash equilibrium strategies.
  d. the former need only be a best response to others' Nash equilibrium strategies, whereas the latter must be a best response to all others' strategy profiles.


joewallace

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

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

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Hydrostatic Equilibrium Hydrostatic Equilibrium
School aged chess player School aged chess player
Kinesthesis and Equilibrium Kinesthesis and Equilibrium
A pool player is attempting a fancy shot. He hits the cue ball giving it a speed of 5.57 m/s ... A pool player is attempting a fancy shot. He hits the cue ball giving it a speed of 5.57 m/s ...
The Hardy–Weinberg equilibrium for two autosomal alleles. The Hardy–Weinberg equilibrium for two autosomal alleles.
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library