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Nash Equilibrium In Game Theory ~xRay Pixy

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 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 ...

Metaheuristic Optimization Algorithms

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 Optimization Engineering - Metaheuristic Optimization Algorithms Optimization plays a very important role in science and engineering. Optimization aim is to find out the minimum or maximum value using any objective function or cost function. In optimization different Metaheuristic Algorithms are used to solve complex problems in various fields such as Engineering Problems, Medical Problems, Computer Problems, and different real-life problems that can not be solved using classical methods. Metaheuristic optimization algorithms are classified into two main categories as Single-based optimization algorithms and Population-based optimization algorithms.  Single-based Meta-heuristic algorithms are also known as Trajectory Algorithms. Single-based metaheuristic algorithms provide the single solution in every iteration. Single-based Metaheuristic algorithm examples: Tabu Search, Guided Local Search, Iterated Local Search, Stochastic Local Search, Iterated Local Search, Variable ne...
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