Selena Gomez Is Charitable

Selena Gomez attended the UNICEF Ball last night, but since the FBI has laser sights pointed at my temple right now, I had to erase what I typed. So, I would like to say that the Nash equilibrium (named after John Forbes Nash, who proposed it) is a solution concept of a game involving two or more players, in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only his or her own strategy unilaterally. If each player has chosen a strategy and no player can benefit by changing his or her strategy while the other players keep theirs unchanged, then the current set of strategy choices and the corresponding payoffs constitute a Nash equilibrium. Practical applications are the formation of cartels, the study of traffic flow and patterns, analyzing penalty kicks in soccer, the adoption of technical standards, and the occurrence of currency crises.

Related Posts: