Question

write the short note on pridoner dilemma Nash equilibrium

Answer 1

Cournot also introduced the concept of best response dynamics in his analysis of the stability of equilibrium. However, Nash's definition of equilibrium is broader than Cournot's.

Answer 2

Hey!!

The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interests to do so. It was originally framed by Merrill Flood and Melvin Dresher while working at RAND in 1950. Albert W. Tucker formalized the game with prison sentence rewards and named it "prisoner's dilemma" (Poundstone, 1992), presenting it as follows