Game theory equilibrium concepts

Berge equilibrium

The Berge equilibrium is a game theory solution concept named after the mathematician Claude Berge. It is similar to the standard Nash equilibrium, except that it aims to capture a type of altruism rather than purely non-cooperative play. Whereas a Nash equilibrium is a situation in which each player of a strategic game ensures that they personally will receive the highest payoff given other players' strategies, in a Berge equilibrium every player ensures that all other players will receive the highest payoff possible. Although Berge introduced the intuition for this equilibrium notion in 1957, it was only formally defined by Vladislav Iosifovich Zhukovskii in 1985, and it was not in widespread use until half a century after Berge originally developed it. (Wikipedia).

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Related pages

Nash equilibrium | Solution concept | Graph theory | Evolutionary game theory | Cooperative game theory | Prisoner's dilemma | Claude Berge | The Evolution of Cooperation | Game theory | Ultimatum game | Strategy (game theory) | Normal-form game