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

what is a2 + 2a - 24 =0
Choose the inequality that represents the following graph. -5 -4 -3 -2 -1 0 1 2 3 4 5
A forest fire damaged many trees in a forest. Squirrels and other plant-eating animals depend on these trees for food and shelter. Will the forest fire affect t
Helppppp me PLEASE!!!
Napoleon III led the Spanish troops in battle. Group of answer choices True False PLEASEEE HELP
: Emily’s family ordered a pizza for dinner. The radius of the pizza is 8 inches. How many square inches of pizza did Emily’s family get?
What is they ratio of students in 6th grade if there are 20 6th graders and 24 students in 5th grade
Find the root of the equation: 5+x^2=(x+1)(x+6)
SELECT ALL THAT APPLY. LOOKING FOR BRAINLIEST.
Bahrain is an important trading center of what commodity?