Competitive Strategy 3

NASH EQUILIBRIUM combination of strategies no player can deviate unilaterally from his/her current strategy to improve payoffs natural resting point of the game Relationship to Other concepts 1. is a nash equilibrium the same as a dominant strategy? 2. can a nash equilibirium contain dominated strategies? 3. will every nash equilibrium contain dominant strategies? Nature of a nash equilibrium 1. will every game have a nash equilibrium (in pure strategies)? 2. can a game have more than one nash equilibrium?