How is a Nash equilibrium outcome different from a rationalizable outcome? O In a Nash equilibrium players are allowed to randomise. O Rationalizable outcomes apply to dynamic games whereas Nash equilibrium does not. O In a Nash equilibrium each player always has the correct conjecture about what the other player will do. O Nash equilibrium only allows for unilateral changes in strategy. O None of the above. O No Answer

ENGR.ECONOMIC ANALYSIS
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How is a Nash equilibrium outcome different from a rationalizable outcome?
In a Nash equilibrium players are allowed to randomise.
Rationalizable outcomes apply to dynamic games whereas Nash equilibrium does not.
In a Nash equilibrium each player always has the correct conjecture about what the other player will do.
Nash equilibrium only allows for unilateral changes in strategy.
None of the above.
No Answer
Transcribed Image Text:How is a Nash equilibrium outcome different from a rationalizable outcome? In a Nash equilibrium players are allowed to randomise. Rationalizable outcomes apply to dynamic games whereas Nash equilibrium does not. In a Nash equilibrium each player always has the correct conjecture about what the other player will do. Nash equilibrium only allows for unilateral changes in strategy. None of the above. No Answer
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