Nash equilibrium
/ˌnæʃ ˌiːkwɪˈlɪbriəm/
a state where no player benefits by unilaterally changing strategy
“Both companies advertising heavily is a Nash equilibrium.”
Origin: Named after John Nash, American mathematician (1928-2015)
/ˌnæʃ ˌiːkwɪˈlɪbriəm/
a state where no player benefits by unilaterally changing strategy
“Both companies advertising heavily is a Nash equilibrium.”
Origin: Named after John Nash, American mathematician (1928-2015)