NASH EQUILIBRIUM

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

(game theory) a stable state of a system that involves several interacting participants in which no participant can gain by a change of strategy as long as all the other participants remain unchanged

Classified under:

Nouns denoting stable states of affairs

Hypernyms ("Nash equilibrium" is a kind of...):

equilibrium (a stable situation in which forces cancel one another)

Domain category:

game theory; theory of games ((economics) a theory of competition stated in terms of gains and losses among opposing players)

Credits