4-A Nash equilibrium refers to a: Please indicate the correct answer

Economics Aug 07, 2020

4-A Nash equilibrium refers to a: Please indicate the correct answer. C A-a sequential game. B-cooperative game. OC-a noncooperative game. D-a repeated game.

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Answer
C) a non cooperative game

Nash equilibrium involves a game of players in which individual actions of the players are predicted . There are no chances of a coalition and the players play individually . . IT focuses on establishing Nash equilibrium i.e.. no party can can anything by changing its strategy alone . In other words , there is no incentive to deviate from the resultant strategy .

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