Nash Equilibrium

Nash Equilibrium is a fundamental concept in <a href="/article/game-theory">game theory</a> where no player can improve their outcome by changing their strategy, assuming all other players keep their strategies unchanged. It helps predict the stable outcomes of strategic interactions where multiple decision-makers' choices affect each other. Named after mathematician <a href="/article/john-forbes-nash-jr">John Forbes Nash Jr.</a>, it's a cornerstone for understanding competition and cooperation in various fields.