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 the meaning of life the universe and everything?
Write the equation for a line that intersects points (1,3) and (2,5)
Tarzan, in one tree, sights jane in another tree. he grabs the end of a vine with length 20 m that makes an angle of 45â with the vertical, steps off his tree l
What is 3/4, 7/20, and 11/25 as a percent in simplest form?
Terry planted 12 pepper plants he planted twice as many green pepper plants is red pepper plants how many green pepper plants are there?
Weasels eat arctic hares which is the predator
what is the main purpose of a thesaurus
Production écrite rappelez une épisode de votre enfance
How can I estimate the square root of a non-perfect square
Because it is passed essentially intact from father to son, y chromosome research has been particularly useful in improving our understanding of __________.