The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans of each player are rational in the given strategic environment – i. e., when each knows the actions and plans of the others. (Robert Aumann)

The players in a game are said to be in strategic equilibrium (or simply equilibrium) when their play is mutually optimal: when the actions and plans of each player are rational in the given strategic environment – i. e., when each knows the actions and plans of the others.

Robert Aumann

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environment equilibrium game given play player rational say others optimal

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