nash equilibrium in English
noun
1
(in economics and game theory) a stable state of a system involving the interaction of different participants, in which no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged.
In the language of game theory, a Nash equilibrium is reached when boundary spanners know what their counterparts will do and can make the best responses to achieve maximum joint payoffs.
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Below are sample sentences containing the word "nash equilibrium" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "nash equilibrium", or refer to the context using the word "nash equilibrium" in the English Dictionary.
1. So this is an example of one unique Nash equilibrium that happened to be a very strong one, a dominant strategy, Nash Equilibrium.
2. Your original strategy, where you were each a quarter mile from the middle of the beach, didn't last, because it wasn't a Nash Equilibrium.
3. And we saw exactly that in the, in the, the second round of the, the beauty contest game, then people start moving down toward the Nash equilibrium.