Difference Between Nash Equilibrium and Maximizing Total Profit in Game Theory?

Difference Between Nash Equilibrium and Maximizing Total Profit in Game Theory?

Hey there! So a Nash Equilibrium is the point at which a player cannot increase their position assuming the other player does not move. It is a point where the system is considered “stable”. Maximizing total profit is just the box where the added numbers are highest - it is used when oligopolies collude.

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