Stephanie claims that if all the players in a game are rational, they will necessarily play Nash

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Stephanie claims that if all the players in a game are rational, they will necessarily play Nash equilibrium. She argues as follows: rational players should be able to reason out what others will do, and make best responses. Therefore, if everyone is rational, everyone will make a best response to everyone else's strategy, which means they'll play Nash equilibrium. Do you agree or disagree with her reasoning?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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