I came across the concept of Nash equilibrium for games. As far as now I associated the name Nash to the movie "A beautiful mind", which I liked very much.
My professor of game theory at the university was so weird that I never really understood what he said. He looked like Bakunin and always had a stinky pipe in his hands.
But going back to the equilibrium, a game is said to be in such state when even if a player knew the strategies of all other players, he would not find any benefit in changing his strategy.
Described like this it sounds strange, but imagine I have two roads to drive to reach my office. If I know that everybody who wants to go there is taking one path and the other is empty (no traffic), I will choose the path without traffic. This game is not in Nash equilibrium, because I benefit by knowing other players' strategies. But if I know that the other drivers will equally distribute on both paths, than it does not really matter if I choose one or the other. This is an example of game in Nash equilibrium.
Showing posts with label nash equilibrium. Show all posts
Showing posts with label nash equilibrium. Show all posts
Wednesday, October 21, 2009
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