chelseydesiree9627 chelseydesiree9627
  • 02-12-2017
  • Business
contestada

Neither lorenzo nor neha has an incentive to further increase output, nor does either have an incentive to decrease output. this outcome is an example of

Respuesta :

meerkat18
meerkat18 meerkat18
  • 13-12-2017

The fact that both Lorenzo and Neha have no incentive to further increase output or to decrease it is an example of NASH EQUILIBRIUM. The Nash Equilibrium is a solution concept of game theory where in the optimal outcome of a game, none of the players has an incentive to diverge from his chosen strategy having considered an opponent's choice.

Answer Link

Otras preguntas

How many chickens are eaten globally every day?
Which of the following types of waves has more energy than an x-ray?
The perimeter of a playing card is 28 centimeters. The area is 48 square centimeters. What are the dimensions of the playing card?
Equation similar to (7+5)×6+3=12×6+3=72+3=75
What was one reason mexico encouraged settlement in texas
Ryan ordered a wallet for $28.92, a sweater for $35.81 and a watch for $99.24. He added $25.85 for tax, shipping and handling. What was the total cost of Ryan's
Choose the best response for each question. ¿quién entendió lo que enseñó la maestra?
o que é uma constituição, fale com suas palavras.
What's the difference between a monarch and a president?
A recipe requires 4.5 teaspoons of sugar to make a cup of pudding. Which equation shows the number of teaspoons of sugar, y, needed to make x cups of pudding?