During my econometrics study this explanation helped me to explain it to others without going in to the mathematical details:
- Person A needs to decide what the best strategy is for all strategies of B (circle, on paper, the outcomes for A)
- Person B has to do the same (circle as well)
NE => look for 'box' (ie. outcome) that has two circles (there could be more!)
This leads to (confess, confess).
During my econometrics study this explanation helped me to explain it to others without going in to the mathematical details:
- Person A needs to decide what the best strategy is for all strategies of B (circle, on paper, the outcomes for A)
- Person B has to do the same (circle as well)
NE => look for 'box' (ie. outcome) that has two circles (there could be more!)
This leads to (confess, confess).