4 ms·
Quite disappointing that the article 'explains' the Nash equilibrium (NE) without going into details of how a NE is reached. During my econometrics study this
by bartkappenburg 10y ago
Quite disappointing that the article 'explains' the Nash equilibrium (NE) without going into details of how a NE is reached.
During my econometrics study this explanation helped me to explain it to others without going in to the mathematical details:
- Person A needs to decide what the best strategy is for all strategies of B (circle, on paper, the outcomes for A)
- Person B has to do the same (circle as well)
NE => look for 'box' (ie. outcome) that has two circles (there could be more!)
This leads to (confess, confess).
- catnaroek 10y agoHow well does this deal with the case when the optimal strategy is a mixed strategy?
- antisthenes 10y agoIt doesn't, because then you'd have to partially circle everything.