#250: The Art of Strategy
The Art of Manliness
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What Is a Nash Equilibrium in Game Theory?
The concept of a Nash equilibrium is developed to help us understand what will happen or a resting point in a simultaneous move game. The brilliant insight of John Nash is that if you've correctly anticipated what I'm going to do, neither of us wants to change what we're doing. And so the challenge is, what do we do in a world where I think that you think that I think and add an item will happen? It's not clear how you ever cut through that knot.
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