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.
Which one of the following is not a tributary of the river Godavari?
The average weight of 100 students in a class is 46 kg. The average weights of boys and girls are 50 kg and 40 kg respectively. What is the difference b...
Which of the following numbers will replace the question mark (?) in the given series?
14, 14, 17, 85, 92, ?
Which country recently launched its ballistic missile system named “Jihad”?
Which of the following is not an example of a material misstatement?Â
The main element of protein is
Who is the director general of Labour bureau?
Which Fundamental Right in the Indian Constitution prohibits trafficking, forced labour, and children working under 14 years of age?
Which of the the Judgement implied that the parliament can only amend the constitution and not rewrite it?
The “One Nation-One Port” process was introduced to improve: