-For a Nash equilibrium to be possible, all players must
A) be able to predict their outcomes associated with all possible actions of the other players.
B) have a way to communicate with the other players.
C) have a strategy which allows for collusion.
D) Both A and B.

Question

-For a Nash equilibrium to be possible, all players must
A) be able to predict their outcomes associated with all possible actions of the other players. 
B) have a way to communicate with the other players. 
C) have a strategy which allows for collusion. 
D) Both A and B.

Quizplus · Accepted Answer

A Nash equilibrium is a situation in which no player can improve their outcome by changing their strategy, given the strategies of the other players. In order for a Nash equilibrium to be possible, all players must be able to predict their outcomes associated with all possible actions of the other players.

-For a Nash Equilibrium to Be Possible, All Players Must