chelseydesiree9627 chelseydesiree9627
  • 02-12-2017
  • Business
contestada

Neither lorenzo nor neha has an incentive to further increase output, nor does either have an incentive to decrease output. this outcome is an example of

Respuesta :

meerkat18
meerkat18 meerkat18
  • 13-12-2017

The fact that both Lorenzo and Neha have no incentive to further increase output or to decrease it is an example of NASH EQUILIBRIUM. The Nash Equilibrium is a solution concept of game theory where in the optimal outcome of a game, none of the players has an incentive to diverge from his chosen strategy having considered an opponent's choice.

Answer Link

Otras preguntas

y varies directly as x. if x=5 when y=12 find x when y=30
water in a pan over a radiator evaporates much faster than a water pan in a table ???? i need help ppl
how does the carbon cycle work in the desert
What are the 4 main products for southeast
How do you say I was born in the Philippines in Spanish
The decline in medieval trade was caused by
The discovery of gold in Transvaal contributed to the start of _____?the Anglo-Boer WarWorld War IIWorld War Ithe Peloponnesian War
There is a turtle race. The race will last 2 minutes. I have to find the distance from the start each turtle will be at the end of the race. Speed (in inches pe
What are the 4 main products for southeast
Evolution is: A) A change in the composition of a population from one generation to the next.B) A phenomenon that must be inferred from evidence, because it can