Ask Question
20 September, 23:15

In game theory, a Nash equilibrium occurs when: Group of answer choices Both players are incented to "cheat" to improve their positions Neither player can improve their position Nether player has a dominate strategy Two or more players collude on pricing

+3
Answers (1)
  1. 21 September, 02:25
    0
    Neither player can improve their position

    Explanation:

    Game theory is the method of modeling the strategic engagement of multiple players in a situation that involves rules and results.

    Nash equilibrium is a term of game theory in which the optimum result of a game is one in which no participant has an incentive to diverge from his selective strategy after examining the selection of an opponent

    Therefore according to the given situation, the second option is correct
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In game theory, a Nash equilibrium occurs when: Group of answer choices Both players are incented to "cheat" to improve their positions ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers