Nash equilibrium is the best possible equilibrium attainable

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Reference no: EM132264531

True or False:

1. The Nash equilibrium is the best possible equilibrium attainable by all parties in a non-cooperative game if players are able to communicate.

2. A Dynamic Program’s main purpose is to predict the exact end state of the system so that the optimal decision can be made at the beginning of the time series.

3. The LP relaxation of an integer program is always an acceptable approximation of the true integer answer.

4. A Markov Chain Steady State or Equilibrium probability is the combination of many transition probabilities.

Reference no: EM132264531

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