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gptkbp:instanceOf
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Game theory concept
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gptkbp:appliesTo
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gptkb:Non-cooperative_games
Repeated games
Simultaneous games
Strategic games
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gptkbp:category
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gptkb:Game_theory
gptkb:Mathematical_economics
Mathematical concepts
Equilibrium concepts
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gptkbp:defines
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A solution concept in which no player can benefit by changing strategies while the other players keep theirs unchanged
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gptkbp:example
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gptkb:Cournot_competition
gptkb:Prisoner's_dilemma
gptkb:Battle_of_the_sexes
gptkb:Matching_pennies
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gptkbp:field
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gptkb:Mathematics
gptkb:Game_theory
Economics
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gptkbp:form
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Set of strategy profiles where each player's strategy is a best response to the others'
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https://www.w3.org/2000/01/rdf-schema#label
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Nash Equilibrium
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gptkbp:introduced
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gptkb:John_Nash
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gptkbp:introducedIn
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1950
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gptkbp:namedAfter
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gptkb:John_Nash
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gptkbp:property
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May be pure or mixed
May not be Pareto optimal
Every finite game has at least one Nash equilibrium (possibly in mixed strategies)
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gptkbp:relatedConcept
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gptkb:Pareto_efficiency
gptkb:Correlated_equilibrium
gptkb:Dominant_strategy_equilibrium
gptkb:Evolutionarily_stable_strategy
Subgame perfect equilibrium
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gptkbp:usedIn
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gptkb:Sociology
gptkb:philosophy
gptkb:Political_science
Economics
Biology
Computer science
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gptkbp:bfsParent
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gptkb:Stochastic_Games
gptkb:Non-Cooperative_Games
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gptkbp:bfsLayer
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6
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