In game theory, the best response is the strategy (or strategies) which produces the most favorable outcome for a player, taking other players' strategies as given (Fudenberg & Tirole 1991, p. 29; Gibbons 1992, pp. 33–49). The concept of a best response is central to John Nash's best-known contribution, the Nash equilibrium, the point at which each player in a game has selected the best response (or one of the best responses) to the other players' strategies (Nash 1950).
Read more about Best Response: Best Response Correspondence, Best Response Dynamics, Smoothed Best Response
Famous quotes containing the word response:
“It does me good to write a letter which is not a response to a demand, a gratuitous letter, so to speak, which has accumulated in me like the waters of a reservoir.”
—Henry Miller (1891–1980)