Nash equilibrium

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Related to Nash equilibria: Nash strategy, Governing dynamics
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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 Nash equilibria arising from both these settings are easy to identify and given by the (defect, cooperate) and (cooperate, defect) strategy pairs.
Of course, competitive equilibria are Nash equilibria.
Individual chapters focus on bargaining, Nash equilibria, repeated games, games with incomplete information, and a wide variety of other related subjects.
To do so, it is necessary to determine the Nash equilibria for each game.
NIRA-3: An Improved MATLAB Package for Finding Nash Equilibria in Infinite Games.
4) Although the Nash equilibrium is a well-known equilibrium concept in oligopolistic markets, the Nash equilibrium is not an appropriate equilibrium concept in the dynamic game because multiple Nash equilibria may appear, and some of them may not be rational in the dynamic game.
2) Propose new acceleration technology to accelerate the convergence to the optimal solution: We propose the acceleration technology based on the partition method, at the same time we use the algorithm of approximate Nash equilibria to speed up.
Papadimitriou (2005); Papadimitriou and Roughgarden (2005)), whereas computing Nash equilibria is PPAD-complete even for 2-player matrix games (see Chen and Deng (2005); Daskalakis et al.
Another technique for finding Nash equilibria that has been used in the competition is a variant of the excessive gap technique (Hoda et al.
t) are trivially satisfied in this example and we can therefore conclude that there exist Pareto optimal solutions which can be supported as trigger strategy Nash equilibria (more details in Dockner et al.
Since this is a simultaneous move game of complete information, I solve for its Nash equilibria.
This leads to strategic complementarity of private insurance efforts and to Nash equilibria with underprovision compared to efficient investments.