Nash Equilibrium is a game theory concept where in a multi player strategy game, no one player will gain any benefit by changing their strategy while other players keep theirs unchanged. This implies that current strategies and the resulting payoffs are in a state of equilibrium
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Nilesh Gham on 10th January 2020.
Applause for all the respondents - Nilesh Gham, Mohamed Asif, Shashikant Adlakha, Sudheer Chauhan, Deepak Pardasani, Ajay Sharma, Saravanan S
Also review the answer provided by Mr Venugopal R, Benchmark Six Sigma's in-house expert.