Nash Equilibrium & Game Theory

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question 1 of 3

In a situation with two players, how do we find the optimal solution?

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1. In a situation with two players, how do we find the Nash equilibrium?

2. Which of the following is necessary to be able to identify the Nash equilibrium?

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About This Quiz & Worksheet

This quiz and worksheet will test how well you know the Nash equilibrium. Certain topics you'll need to understand include identifying the optimal solution in the prisoner's dilemma and likewise for Nash equilibrium.

Quiz & Worksheet Goals

Use these study assessments to:

  • Understand what is needed in order to identify the Nash equilibrium
  • Recognize the economic theory exemplified by the prisoner's dilemma
  • Explain game theory

Skills Practiced

These study skills will be practiced:

  • Interpreting information - verify that you can read information regarding the prisoner's dilemma
  • Information recall - access the knowledge you've gained regarding what is needed to identify the Nash equilibrium
  • Knowledge application - use your knowledge to answer questions about the Nash equilibrium

Additional Learning

Find out what you know about the Nash equilibrium with the lesson named Nash Equilibrium & Game Theory. This lesson will cover the following objectives:

  • Define Nash equilibrium
  • Determine combinations of outcomes
  • Identify the best options for individuals via Nash equilibrium
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