Question
In game theory and economic theory, a mathematical
representation of a situation in which each participant's gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participants, is known as:Solution
Nash Equilibrium is a stable state of a system involving the interaction of different participants, in which no participant can gain by a unilateral change of strategy if the strategies of the others remain unchanged. The Nash equilibrium is one of the foundational concepts in Game Theory. In Zero-Sum game , if the total gains of the participants are added up and the total losses are subtracted, they will sum to zero. In contrast, non-zero-sum describes a situation in which the interacting parties' aggregate gains and losses can be less than or more than zero. A zero-sum game is also called a strictly competitive game while non-zero-sum games can be either competitive or non-competitive The Zero Game is the game where neither player has any legal options.
Ozone layer which absorbs and scatters the solar ultraviolet radiation is present in which layer of atmosphere?
Which of the following is a common symptom of plant disease?
Which was first Indian dwarf amber grained variety of wheat made from Sonara 64 by γ –gamma rays
Most predominant cropping system in India is
Rice is believed to be originated from:
Name the chemical which is used for protoplast fusion
Who is known as the father of economics?
Soils with Bulk density 1.325g/cc and Particle density of 2.65 g/cc consist of a total porosity of:
Chemosterilants are the chemical compound used to control economically destructive or disease-causing pests by causing
Weeds which are of no use and does not have any economic value are known as