Nash equilibrium

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Related to Governing dynamics: Nash equilibrium
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Noun1.Nash equilibrium - (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged
game theory, theory of games - (economics) a theory of competition stated in terms of gains and losses among opposing players
equilibrium - a stable situation in which forces cancel one another
References in periodicals archive ?
The governing dynamics change according to economic conditions, policy changes and other factors, so what was true of the market two years ago may no longer work today," Singh said.
One area that has generated significant interest is the study of dynamic systems in which nonlinear equations determine the governing dynamics.
Once knowledge assets are identified, we must understand the governing dynamics of how they are used.