Definition Nash Equilibrium
definition admitted

Nash Equilibrium

A strategy profile $\sigma$ is a Nash equilibrium if every player is playing a best response to the strategies of the other players:

$$\forall i \in I, \quad \sigma_i \text{ is a best response to } \sigma.$$

Equivalently, no player can improve their payoff by a unilateral deviation.

References

  • [MSZ, Chapter 2, Section 2.4] Maschler, Solan, and Zamir, Game Theory. Definition of Nash equilibrium in pure strategies.

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