Nash Equilibrium In Game Theory ~xRay Pixy
Video Link CLICK HERE... Learn Nash Equilibrium In Game Theory Step-By-Step Using Examples. Video Chapters: Nash Equilibrium 00:00 Introduction 00:19 Topics Covered 00:33 Nash Equilibrium 01:55 Example 1 02:30 Example 2 04:46 Game Core Elements 06:41 Types of Game Strategies 06:55 Prisoner’s Dilemma 07:17 Prisoner’s Dilemma Example 3 09:16 Dominated Strategy 10:56 Applications 11:34 Conclusion The Nash Equilibrium is a concept in game theory that describes a situation where no player can benefit by changing their strategy while the other players keep their strategies unchanged. No player can increase their payoff by changing their choice alone while others keep theirs the same. Example : If Chrysler, Ford, and GM each choose their production levels so that no company can make more money by changing their choice, it’s a Nash Equilibrium Prisoner’s Dilemma : Two criminals are arrested and interrogated separately. Each has two ...