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.
A comparison of gradualism and punctuated equilibrium.
Chemical equilibrium and the law of mass action.
Write equilibrium constant expressions for the following reactions in terms of concentration:
Write equilibrium constant expressions for the following reactions in terms of concentration:
Henrik, a Canadian hockey player, agreed to a contract where he was to receive S30,OOO 00 in 3 ...
Hardy–Weinberg Equilibrium Genotype Frequencies for Three Alleles of a Gene