Game Theory Foundations · Static games
Nash equilibrium
A Nash equilibrium is a set of strategies where nobody can do better by changing only their own move. Find equilibria with best responses, and see why games like bank runs have more than one.
Step 1 of 7 · Overview30 min read ·
Key idea
Prereqs: Dominant strategies & the PD. Next: Mixed strategies. Yale ECON 159 Lectures 3–5 ('bad fashion and bank runs').Next: 1. Definition