A ______ equilibrium is a situation in which no player in the game has an incentive to change his or her strategy unilaterally.
A) Selten
B) Nash
C) local
D) game

Question

Quizplus · Accepted Answer

Nash equilibrium is a situation where no player can gain advantage by changing their strategy unilaterally. It is named after Nobel laureate John Nash and is considered one of the most important concepts in game theory. Therefore, Nash is the best choice in this context. Selten is also a name from game theory, but it refers to a specific type of equilibrium that is not as widely used as Nash equilibrium. Local equilibrium and game equilibrium are not commonly recognized terms in game theory.

A ______ Equilibrium Is a Situation in Which No Player