Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
They choose randomly regardless of others' choices
B
They choose strategies that maximize their own payoff, given others' strategies
C
They always cooperate with each other
D
They ignore the strategies of the other players
Understanding the Answer
Let's break down why this is correct
Answer
In a Nash Equilibrium, players in a game make their choices based on what they believe other players will do. Each player selects their best strategy, knowing that the other players are also choosing their best strategies. This means that no player has an incentive to change their strategy because doing so would not lead to a better outcome for them. For example, imagine two friends deciding whether to go to a movie or a concert. If both choose the movie because they think the other prefers it too, they are in a Nash Equilibrium, as neither would want to change their choice alone since they would miss out on the plan they made together.
Detailed Explanation
In a Nash Equilibrium, each player picks the best strategy for themselves, knowing what others are doing. Other options are incorrect because Some might think players just pick randomly; It's a common mistake to believe players always work together.
Key Concepts
Players
Topic
Nash Equilibrium Explained
Difficulty
easy level question
Cognitive Level
understand
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