In game theory, a Nash equilibrium occurs when: Group of answer choices Both players are incented to "cheat" to improve their positions Neither player can improve their position Nether player has a dominate strategy Two or more players collude on pricing

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Otis

Business

1 August, 05:40

In game theory, a Nash equilibrium occurs when: Group of answer choices Both players are incented to "cheat" to improve their positions Neither player can improve their position Nether player has a dominate strategy Two or more players collude on pricing

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Aliya Allison · Answer 1

Neither player can improve their position

Explanation:

Game theory is the method of modeling the strategic engagement of multiple players in a situation that involves rules and results.

Nash equilibrium is a term of game theory in which the optimum result of a game is one in which no participant has an incentive to diverge from his selective strategy after examining the selection of an opponent

Therefore according to the given situation, the second option is correct