Changes

The Nash equilibrium was developed by [[John Nash]] to describe situations when several people or companies have benefits that depend on the decisions of rival.  The Nash equilibrium predicts the choices those people or companies will make to maximize their individual benefits.

The '''Nash equilibrium''' was developed by [[John Nash]] to describe situations when several people or companies have benefits that depend on the decisions of rival.  The Nash equilibrium predicts the choices those people or companies will make to maximize their individual benefits.

The Nash equilibrium is the set of decisions whereby no single individual can improve his benefit if everyone else's decision remains unchanged.  That is an "equilibrium" because no one, acting alone, would have any reason to change it.

The Nash equilibrium is the set of decisions whereby no single individual can improve his benefit if everyone else's decision remains unchanged.  That is an "equilibrium" because no one, acting alone, would have any reason to change it.