Nash equilibrium

E833553

A Nash equilibrium is a game-theoretic solution concept where no player can improve their payoff by unilaterally changing their strategy, given the strategies of all other players.

All labels observed (2)

Label Occurrences
Nash equilibrium canonical 8
trembling hand perfect equilibrium 2

How this entity was disambiguated

Statements (66)

Predicate Object
instanceOf equilibrium concept in game theory ⓘ
game-theoretic solution concept ⓘ
appliedExample Battle of the Sexes ⓘ
Bertrand competition ⓘ
Cournot duopoly ⓘ
linked to: Cournot

Matching Pennies ⓘ
Prisoner’s Dilemma ⓘ
appliesTo extensive-form games ⓘ
finite games ⓘ
infinite games ⓘ
normal-form games ⓘ
strategic-form games ⓘ
assumes players are rational ⓘ
players correctly anticipate others’ strategies ⓘ
players know the game structure ⓘ
centralTo non-cooperative game theory ⓘ
characterizedBy mutual best responses ⓘ
strategic stability against unilateral deviations ⓘ
criticizedFor lack of predictive power in some games ⓘ
multiple equilibria ⓘ
reliance on strong rationality assumptions ⓘ
definedAs strategy profile where no player can gain by unilaterally deviating ⓘ
definedBy best responses of all players to each other ⓘ
doesNotNecessarilyImply Pareto efficiency ⓘ
existenceProvedBy John Forbes Nash Jr. ⓘ
linked to: John Nash
field economics ⓘ
evolutionary biology ⓘ
game theory ⓘ
mathematics ⓘ
guaranteedExistenceIn finite games with mixed strategies ⓘ
hasRefinement proper equilibrium ⓘ
sequential equilibrium ⓘ
subgame perfect Nash equilibrium ⓘ
trembling-hand perfect equilibrium ⓘ
hasVariant correlated equilibrium ⓘ
evolutionarily stable strategy ⓘ
mixed-strategy Nash equilibrium ⓘ
pure-strategy Nash equilibrium ⓘ
subgame perfect Nash equilibrium ⓘ
trembling-hand perfect equilibrium ⓘ
introducedBy John Forbes Nash Jr. ⓘ
linked to: John Nash
introducedIn 1950 ⓘ
1951 ⓘ
mathematicallyBasedOn Brouwer fixed-point theorem ⓘ
Kakutani fixed-point theorem ⓘ
fixed-point theorems ⓘ
mayBe multiple ⓘ
nonexistent in pure strategies ⓘ
unique ⓘ
namedAfter John Forbes Nash Jr. ⓘ
linked to: John Nash
publication Non-Cooperative Games ⓘ
publicationYear 1951 ⓘ
relatedConcept Bayesian Nash equilibrium ⓘ
linked to: Bayesian games

correlated equilibrium ⓘ
dominant strategy equilibrium ⓘ
perfect Bayesian equilibrium ⓘ
subgame perfect equilibrium ⓘ
usedIn algorithmic game theory ⓘ
auction theory ⓘ
bargaining theory ⓘ
evolutionary game theory ⓘ
industrial organization ⓘ
mechanism design ⓘ
oligopoly theory ⓘ
political science ⓘ
usedToModel strategic interaction among rational agents ⓘ

How these facts were elicited

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Hotelling’s law → relatedTo → Nash equilibrium ⓘ
Reinhard Selten → knownFor → trembling hand perfect equilibrium ⓘ
linked to: Nash equilibrium
Reinhard Selten → notableConcept → trembling hand perfect equilibrium ⓘ
linked to: Nash equilibrium
Extensive Games and the Problem of Information → relatedTo → Nash equilibrium ⓘ
Classics in Game Theory → subject → Nash equilibrium ⓘ
game theory → hasConcept → Nash equilibrium ⓘ
The Calculus of Selfishness → usesConcept → Nash equilibrium ⓘ