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True or false? lfa game has a Nash equilibrium, that equilibrium will be the equilibrium that we expect to observe in the real world. 0
True or false? lfa game has a Nash equilibrium, that equilibrium will be the equilibrium that we expect to observe in the real world. 0 True. As long as people are rational and have their own selfinterest at heart, reallife games will result in the Nash equilibrium. 0 False. A Nash equilibrium is based on very strict assumptions that rarely hold in the real world. No realworld situation leads to a Nash equilibrium. 0 False. People don't always act in the way that a Nash equilibrium requires. People don't always make the necessary calculations and they take into account the outcome of others. 0 True. Nash's theory of equilibrium outcomes was derived from realworld interactions. The theory holds true for almost all real worlcl scenarios
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