Nash equilibrium
The Nash equilibrium describes a particular state in game theory. This state can be achieved in a non-cooperative game in which each player tries to pick the best possible strategy to gain the best possible outcome for themselves, based on what they expect the other players to do. Eventually, all the players reach a point at which they have all picked the best possible strategy for themselves based on the decisions made by the other players. At this point in the game, they would gain no benefit from changing their strategy. This state is the Nash equilibrium.
A famous example of how the Nash equilibrium can be reached is with the Prisoner's Dilemma. In this example, two criminals (A and B) have been arrested for committing ...
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