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Nash equilibrium

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun game theory The set of choices of players' strategies for which no player can benefit by changing his or her strategy assuming that the other players keep theirs unchanged.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun (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

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Named after the American mathematician John Forbes Nash, Jr.

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