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| nash equilibrium definitions | |||
|---|---|---|---|
| # | Definition | Sets | |
| 1 | a situation in which economic participants interacting with one another each choose their best strategy given the strategies that all the others have chosen | 2 sets | |
| 2 | a situation in which each firm chooses the best strategy, given the strategies chosen by other firms | 2 sets | |
| 3 | any combination of strategies in which each players' strategy is his or her best choice, given the other players' strategies. | 2 sets | |
| 4 | strategy in which no player can unilaterally change its strategy in a way that improves its payoff | 1 set | |
| 5 | a situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen | 1 set | |
| 6 | (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged, in game theory, the result of all players' playing their best strategy given what their competitors are doing. | 1 set | |
| 7 | an outcome of a game in which each player is doing the best he or she can, given the action of the other players | 1 set | |
| 8 | a situation in which economic factors interacting w/ one another each choose their best strategy given the strategies that all the other factors have chosen | 1 set | |
| 9 | (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged | 1 set | |
| 10 | a set of strategies for each player in the game in which no player can improve his or her payoff by changing strategy unilaterally | 1 set | |
| 11 | a situation in which economic participants interacting with one another each choose their best strategy given the strategies that all the others have chosen. | 1 set | |
| 12 | a set of strategies where, when all other players use these strategies, no player can obtain a higher payoff by choosing a different strategy | 1 set | |
| 13 | any combination of strategies in which each player's strategy is his or her best choice, given the other player's strategies. | 1 set | |
| 14 | a set of actions where, holding the actions of all other firms constant, no firm can obtain a higher profit by choosing a different action | 1 set | |
| 15 | a situation in which economic participants interacting with one another each choose their best strategy given the strategies that all others have chosen | 1 set | |
| 16 | set of strategies or actions in which eac firm does the best it can given its competitors' actions | 1 set | |
| 17 | a pair of pure strategies (s1, s2) for player 1 and 2 constitutes a pure strategy ne if s1 is a best response to s2 and s2 is a best response to s1 | 1 set | |
| 18 | an equilibrium solution to a game in which each players strategy is optimal given the thers players choice of strategy | 1 set | |
| 19 | re. game theory: players' strategies are in this quilibrium when no player can profitably deviate to another strategy than the one chosen, given the strategies chosen by the other players. | 1 set | |
| 20 | any combination of strategies in which each player's strategy is his or her best choice, given the other players' strategies | 1 set | |
| 21 | an equilibrium that results when each firm in an industry is currently doing the bst that it can, given the current behaviour of the other firms in the industry | 1 set | |
| 22 | in game theory, the result of all players' playing their best strategy given what their competitors are doing. | 1 set | |
| 23 | any combination of strategies in which each player's strategy | 1 set | |
| 24 | a situation in which firms choose their best strategy given the strategies choosen by all the others firms | 1 set | |
| 25 | a combination of strategies where no player can improve their payoffs, given what the other players are choosing | 1 set | |
| 26 | any combination of strategies in which each player's strategy is his or her best choice given the other player's strategies | 1 set | |
| 27 | a situation in which economic actors interaction with one another each choose their best strategy given the strategies that all the other actors have chosen | 1 set | |
| 28 | a situation in which economic actors interacting with one another each choose their best strategies that all the other actors have chosen | 1 set | |