The concept of Nash equilibrium has long served as a cornerstone in game theory, characterising a state where no player can benefit by changing their strategy unilaterally. Recent advancements have ...

Game theory is the study of how and why players make decisions about their circumstances. Using game theory, real-world scenarios for such situations as pricing competition and product releases can be ...

Nash equilibrium lies at the heart of game theory, representing a condition in which every participant chooses a strategy that optimises their individual outcome given the strategies of the others.