Best Response

High Quality Content by WIKIPEDIA articles In game theory, the best response is the strategy (or strategies) which produces the most favorable outcome for a player, taking other players' strategies as given (Fudenberg Tirole 1991, p. 29; Gibbons 1992, pp. 33-49). The concept of a best response is central to John Nash's best-known contribution, the Nash equilibrium, the point at which each player in a game has selected the best response (or one of the best responses) to the other players' strategies (Nash 1950).

• Format: Paperback
• Language: English
• ISBN: 5510950110
• ISBN13: 9785510950113
• Release Date: January 1
• Publisher: Book on Demand Ltd.
• Length: 142 Pages
• Weight: 0.39 lbs.
• Dimensions: 0.3" x 5.8" x 8.3"