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nash Nash Equilibrium is a concept that has revolutionized analysis of economic situations.

The basic idea is very simple. In a strategic game, each player will choose strategies that will maximize the player's utility given what other players are doing. An equilibrium exists if each player's strategy is a best response to every one else best responses. A game can be 2-player or multi-player. space can be discrete vs. continuous. It can be static vs. dynamic. The strategy

Nash's big contribution was the proof that under certain conditions, an equilibrium always exists. Nash used Kakutani's fixed point theorem to prove the existence of such a solution.

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