Game theory equilibrium concepts

solution concept of a non-cooperative game involving two or more players in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only their own strategy

strategy which, if adopted by a population in a given environment, cannot be invaded by any alternative strategy that is initially rare

in game theory, a refinement of a Nash equilibrium used in dynamic games

term in game theory

refinement of Nash equilibrium

game theory solution

formal rule for predicting how a strategic game will be played

class of theorems about possible Nash equilibrium payoff profiles in repeated games

refinement of Nash equilibrium

In game theory, an epsilon-equilibrium, or near-Nash equilibrium, is a strategy profile that approximately satisfies the condition of Nash equilibrium. In a Nash equilibrium, no player has an incentive to change his behavior. In an approximate Nash equilibrium, this requirement is weakened to allow the possibility that a player may have a small incentive to do something different. This may still be considered an adequate solution concept, assuming for example status quo bias. This solution concept may be preferred to Nash equilibrium due to being easier to compute, or alternatively due to the

mathematical concept

solution concept in game theory

concept in game theory

in game theory, a refinement of the Nash equilibrium