We know that chess has at least one Nash equilibrium even though we can't solve for it,

Question:

We know that chess has at least one Nash equilibrium even though we can't solve for it, we can still reach some conclusions. Specifically, if there is a Nash equilibrium in which the first-mover wins, then the first-mover wins in every Nash equilibrium Likewise, if there is an equilibrium in which the second-mover wins, then the second-mover wins in every equilibrium. And if there is an equilibrium that results in a draw, then every equilibrium results in a draw. Can you figure out why?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

Question Posted: