iKotomi
[10] Knight
While game theory revolves around Nash equilibria, it's in general silly to apply it in practice.
Nash equilibrium is the set of players and strategies where nobody can do better by changing their strategy. It is the convergence point where strategy ceases to matter, at which point the game is pointless to play. Win or loss is just a matter of probability.
The existence of a nash equilibrium does not imply optimal play. Nash equilibrium is dependent on both player's strategies, and is a point of simultaneous optimal play.
This is almost never the case and playing the Nash equilibrium strategy will be a terrible choice given the other player's suboptimal strategy. This is why exceptional players will win 80-90% of the time rather than the more statistically likely 50-60.
An easy illustration is rock, paper, scissors. Nash equilibrium is everyone playing equal probabilities of each. If you opponent is playing rock every time, you'd be stupid to use the equilibrium strategy (optimal is paper 100%). Any other non-nash equilibrium strategy on the opponent's side has a more optimal strategy than the equilibrium strategy, and you just need to adjust the weights to reflect that (not really, there will always be a best pure strategy counter so you don't even need to worry about weights).
Nash equilibrium is the set of players and strategies where nobody can do better by changing their strategy. It is the convergence point where strategy ceases to matter, at which point the game is pointless to play. Win or loss is just a matter of probability.
The existence of a nash equilibrium does not imply optimal play. Nash equilibrium is dependent on both player's strategies, and is a point of simultaneous optimal play.
This is almost never the case and playing the Nash equilibrium strategy will be a terrible choice given the other player's suboptimal strategy. This is why exceptional players will win 80-90% of the time rather than the more statistically likely 50-60.
An easy illustration is rock, paper, scissors. Nash equilibrium is everyone playing equal probabilities of each. If you opponent is playing rock every time, you'd be stupid to use the equilibrium strategy (optimal is paper 100%). Any other non-nash equilibrium strategy on the opponent's side has a more optimal strategy than the equilibrium strategy, and you just need to adjust the weights to reflect that (not really, there will always be a best pure strategy counter so you don't even need to worry about weights).