This is known as the dominant strategy. Conversely, there exists the so-called Nash equilibrium where no player has a dominant strategy. In a Nash equilibrium each player cannot achieve a higher ...

"If Nash got a dollar for every time someone wrote or said 'Nash equilibrium,'" Dixit has said, "he would be a rich man." Game theory studies interactive decision-making, where the outcome for ...

“I had understood the concept of the Nash equilibrium in regards to Bitcoin for a while, but it wasn’t until 2021 that I got really into his work and decided to read all his papers. Ideal Money was ...