Best response
|
In game theory, the best response is the strategy in a single period that creates the most favorable immediate outcome for the current player. The concept of a best response is central to John Nash's most well-known theory, the Nash Equilibrium which is dependent on each player selecting the best response during each period.
Template:Math-stub Template:Econ-stub
Topics in game theory |
---|
Evolutionarily stable strategy - Mechanism design - No-win - Winner's curse - Zero-sum |
Games: Prisoner's dilemma - Chicken - Stag hunt - Ultimatum game - Matching pennies ... |
Related topics: Mathematics - Economics - Behavioral economics - Evolutionary biology - Evolutionary game theory - Population genetics - Behavioral ecology |
[ edit ] |