I thought I remember seeing one or two of you and was wondering if you could answer this question:

 

In game theory, when trying to find Nash Equilibria, it does not exsist if there is unilateral profitable deviation. But does it exsist if both players have profitable deviation?

 

Thanks.

I must have slept through that class Which class is this for?

I thought I remember seeing one or two of you and was wondering if you could answer this question:

 

In game theory, when trying to find Nash Equilibria, it does not exsist if there is unilateral profitable deviation.  But does it exsist if both players have profitable deviation?

 

Thanks. 

Nash equilibrium: each player is making the optimal choice, given the other players´ choice.

I must have slept through that class  Which class is this for?

Principals of Microeconomics.

I thought I remember seeing one or two of you and was wondering if you could answer this question:

 

In game theory, when trying to find Nash Equilibria, it does not exsist if there is unilateral profitable deviation.  But does it exsist if both players have profitable deviation?

 

Thanks. 

Nash equilibrium: each player is making the optimal choice, given the other players´ choice.

Sounds to me like it would be possible, not extremely likely, but possible, as long as the peoples optimal profits perfectly aligned with what the other party wanted to do. But that is just off of the top of my head. It has been 10 years since I had Micro...

I thought I remember seeing one or two of you and was wondering if you could answer this question:

 

In game theory, when trying to find Nash Equilibria, it does not exsist if there is unilateral profitable deviation.  But does it exsist if both players have profitable deviation?

 

Thanks. 

Nash equilibrium: each player is making the optimal choice, given the other players´ choice.

Sounds to me like it would be possible, not extremely likely, but possible, as long as the peoples optimal profits perfectly aligned with what the other party wanted to do. But that is just off of the top of my head. It has been 10 years since I had Micro...

Well, on my e-mail to my professor I asked:

 

"So if there is profitable deviation in the profile then it can't be Nash Equilibria?"

 

He responded by adding "unilateral" between profitable and deviation and then typed exactly after my question.

 

This would lead me to believe then that if both players had profitable deviation as opposed to unilateral, then Nash Equilibria is present in the profile.

 

Yes, and yes.

 

Or, yes and no.

 

Or, no and yes.

 

Or, no and no.

 

Hope that helped

But does it exsist if both players have profitable deviation?

I think it's no. Nash equilibrium means that the players dont wanna get out of their choice because they chose what was the best for them. If they have profitable deviation, they wanna get out of their choice.

 

It's hard to explain in english.

I am in a macroeconomics class, it is so boring. I do not know how I ended up in it, but I suck at it. I think it would help to attend every class though.

Principals of Microeconomics.

i took macro and micro, but little "knowledge" i received in those classes remains, lol

I did Economics last year, but not enough ppl at my school wanted to do it this year so I couldn't do it. Got no idea about Macro and Micro Economics, that's a bit too advanced for me. We only did Supply and Demand, Interest Rates, Inflation, u know ur basic Economics stuff.

i took macro and micro, but little "knowledge" i received in those classes remains, lol

pashaaaaaaaw mr Actuary...isn't that your job??

Are you asking about if it is pareto optimal?

Are you asking about if it is pareto optimal?

pareto optimal has more to do with price pointing in individual markets and companies. This is different.

But does it exsist if both players have profitable deviation?

I think it's no. Nash equilibrium means that the players dont wanna get out of their choice because they chose what was the best for them. If they have profitable deviation, they wanna get out of their choice.

 

It's hard to explain in english.

This was correct rafa.

 

Thanks to all of you for your help.

pareto optimal has more to do with price pointing in individual markets and companies.  This is different.

You can use optimal pareto in game theory. One player will be in a better situation only if the other will be in a worst situation.

But does it exsist if both players have profitable deviation?

I think it's no. Nash equilibrium means that the players dont wanna get out of their choice because they chose what was the best for them. If they have profitable deviation, they wanna get out of their choice.

 

It's hard to explain in english.

This was correct rafa.

 

Thanks to all of you for your help.

What was correct? My answer?

But does it exsist if both players have profitable deviation?

I think it's no. Nash equilibrium means that the players dont wanna get out of their choice because they chose what was the best for them. If they have profitable deviation, they wanna get out of their choice.

 

It's hard to explain in english.

This was correct rafa.

 

Thanks to all of you for your help.

What was correct? My answer?

Yes, if a profile has profitable unilateral deviation then it doesn't contain Nash Equilibria (that we knew) but if it contains profitable bilateral deviation, it's irrelevant, so then it also contains no Nash Equilibria.

I thought nash equilibrium was about seeing 3 strangers that weren't really there...

 

hmmmmm

I thought nash equilibrium was about seeing 3 strangers that weren't really there...

 

hmmmmm

LMAO!