Economics · Game Theory
Which of the following conditions define a Nash equilibrium? 1. Each player's strategy is a mutual best response to others. 2. A dominant strategy is required for every player. 3. No player has an incentive for unilateral deviation. 4. The outcome is always Pareto optimal.
- 1All of the above
- 22 and 3 only
- 31, 2 and 4 only
- 41 and 3 only✓
Correct answer
1 and 3 only
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Game Theory?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Game Theory