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Definition of Nash equilibrium
1. Noun. (game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged.
Definition of Nash equilibrium
1. Noun. (game theory) The set of choices of players' strategies for which no player can benefit by changing his or her strategy assuming that the other players keep theirs unchanged. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Nash Equilibrium
Literary usage of Nash equilibrium
Below you will find example usage of this term as found in modern and/or classical literature:
1. Selecting Product Development Projects: Pioneering Versus Incremental (1993)
"That is, [A3] or [B,A] form unique Nash equilibrium solutions. We find, for
example, that for the case of independent demand functions in Table 3, ..."
2. School-linked Human Services: A Comprehensive Strategy for Aiding Students by DIANE Publishing Company (1994)
"That is, [A,B] or [B,A] form unique Nash equilibrium solutions. We find, for
example, that for the case of independent demand functions in Table 3, ..."
3. Globalization of the Mass Media (1994)
"A "Nash equilibrium" exists if no player has an incentive to change its current
strategy given the strategies adopted by the other players. ..."
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