Foundations of Strategic Equilibrium

John Hillas and Elon Kohlberg

No 169, Working Papers from Department of Economics, The University of Auckland

Abstract: (Introductory Paragraph) The central concept of noncooperative game theory is that of the strategic equilibrium (or Nash equilibrium, or noncooperative equilibrium). A strategic equilibrium is a profile of strategies or plans, one for each player, such that each player's strategy is optimal for him, given the strategies of the others.

Keywords: Economics (search for similar items in EconPapers)
Date: 2001
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