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

Which of the following statements can be used to prove quadrilateral QRST is a parallelogram? Select two that apply.
Question 7 (1 point) Which description shows competition in an environment? an organism that finds a place to sleep an organism that feeds on some food three or
In VWX the measure of
Why would a store owner want to calculate a mean
in taste by Roald Dahl what wines were drunk at the gathering​
Nadia designs a water ride and wants to use a​ half-cylindrical pipe in the construction. If she wants the waterway to be 8 ft wide when the water is 2 ft​ deep
Which principle of effective communication is vital for a small task oriented group to be successful? a create a strong and clear thesis statement b. establish
describe a clinical psychologist
A triangular parcel of land has sides of lengths 650,760 and 450 feet. Approximate the area of the land. Round answer to nearest foot.
*URGENT* I NEED HELP* What is personified in these lines, and tell the impact!!​