Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Robert Kelly is managing director of XTS Energy LLC, ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Nash equilibrium is a game theory state where a change in one participant's ...

Nash equilibrium helps predict other investors' moves; no net gain by altering your long-term strategy. A dominant strategy excels regardless of others' actions, aiding investment decisions. Using ...

“All in.” Your opponent slides a stack of chips across the high-stakes poker table. You glance back at your cards, a pair of sixes. The game is Texas Hold’em. Only two of you remain, and no community ...

This paper shows that the analysis of Liu et al. (2004) contains a substantive error--the asserted pure-strategy Nash equilibrium leading to their Theorems 1 and 2 is really not an equilibrium. We ...