Game theory terminology

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Select the term that best describes each definition listed in the following table.

Select the term that best describes each definition listed in the following table. Nash Definition Equilibrium A player's best choice, if it exists, regardless of his or her opponent's strategy A case in which individually rational behavior leads to a jointly inefficient outcome A set of strategies (one for each player) in which each player's strategy is the best option for that player, given the chosen strategy of the player's opponents A visual representation of a game showing all possible strategies for each player and all potential outcomes and payoffs Dominant Strategy Collusion Tit-for- tat Strategy Payoff Matrix Prisoner's Dilemma Game