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

Need help please help please please please please
hi im back pls help me :) i'll give brainliest
In the manor system, the upper class __________. a. lived in castles in luxury c. dispensed justice and looked after the land of their manor b. lived in houses
How much would Carol have to invest today at 5.5% compounded annually to have $5300 for a vacation to China in three years? Select one: a. $5023.70 b. $4513.55
15men can complete a piece of work in25days. how many men should be added to complete the same work in15days.​
write 1042000 000 m+ in scientific notification​
why styrene undergoes and ionic polymerization at a faster rate than p methoxystyrene​
Geometry, please answer question ASAP
What is $124,503 rounded to the nearest thousand?
give ABCD is a trapizod , Ab = 13, CD= 14, BC = 15, and AD = 20 what is the area