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All of us play games however small that may be. Players playing these games generally have strategies in their mind that they use to win the games. Nash equilibrium is used in games that involve either two or more players and each of these players are expected to know the other players’ equilibrium strategies and none of these players have the right to change their own strategy. More knowledge about Nash equilibrium can be obtained by checking pure Strategy nash Equlibria assignment help.
Simplifying nash equilibrium
While playing a game, if each of the players choose their own strategy and the other participants cannot derive any benefit by bringing changes in their strategies because the other participants decide not to change their strategies, then the present condition of strategies opted for and the results that these will produce is termed as nash equilibrium. To understand more on the topic one can check out pure Strategy nash Equlibria homework help.
History of nash equilibrium
Nash equilibrium is named on the name of John Forbes Nash. The concept found its use in the year 1838 for the theory of oligopoly. Knowledge on the history of nash equilibrium can be obtained from pure strategy nash equilibria homework help.
Uses of nash equilibrium in pure strategies
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