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In the auction model, the Nash equilibrium emerges when each bidder chooses a strategy such that no one can improve their payoff by deviating unilaterally.
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In the auction model, the Nash equilibrium emerges when each bidder chooses a strategy such that no one can improve their payoff by deviating unilaterally.
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Related words
Nash equilibrium
Noun
Japanese Meaning
（ゲーム理論における）他の参加者の戦略がそのままの場合、各プレイヤーが自らの戦略を変更しても利益が得られない戦略の組み合わせ。
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