Which of the following statements is FALSE regarding a Nash equilibrium?
A)Each player's expectation of the other player's strategy is correct.
B)Cooperation between the players could not improve the outcome.
C)All players choose their best response to the strategy they expect the other player will choose.
D)No player can do better by unilaterally changing his or her choice.

Question

Quizplus · Accepted Answer

A Nash equilibrium is a situation where each player's strategy maximizes his or her own payoff given the other player's strategy. It does not necessarily mean that the outcome cannot be improved through cooperation or negotiation. In fact, in situations where there are mutual gains from cooperation, players may benefit from deviating from their Nash equilibrium strategies.

Which of the Following Statements Is FALSE Regarding a Nash