Timeline for Why is game theory formulated in terms of equilibrium instead of winning strategies?
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| Oct 26, 2021 at 15:31 | comment | added | R Hahn | I would add that Nash equilibria are of more relevance in repeated games, where players learn a bit about how others will be likely to play. One of the robust findings from behavioral game theory is that people don't play Nash strategies in first-time interactions. In the real world, knowing how to win a game involves understanding how people are likely to misunderstand it! (I see that Will Sawin's answer addresses this.) | |
| Oct 26, 2021 at 13:10 | history | answered | Timothy Chow | CC BY-SA 4.0 |