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The Nash Equilibrium of a Fair Economy: A Non-Cooperative Game Theory Perspective
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This story was originally published on HackerNoon at: https://hackernoon.com/the-nash-equilibrium-of-a-fair-economy-a-non-cooperative-game-theory-perspective.
This article demonstrates a fundamental result in economic theory: that a free and fair economy always has a pure strategy Nash equilibrium.
Check more stories related to business at: https://hackernoon.com/c/business. You can also check exclusive content about #economics, #nash-equilibrium, #game-theory, #fair-economy, #economic-equilibrium, #strategic-form-games, #economic-theory, #distributive-justice, and more.
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This article demonstrates a fundamental result in economic theory: that a free and fair economy always has a pure strategy Nash equilibrium.
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