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1/20 what is the nash equilibrium best known as within economics? a psychological therapy for delusions a diplomatic method for cease - fire talks a principle of indigenous rights law a decision - making concept in game theory
Nash equilibrium is a core concept in game theory, which is a subfield of economics. It describes a state where no participant can benefit by changing their strategy if all other participants keep their strategies unchanged, making it a decision-making framework for strategic interactions.
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A decision-making concept in game theory