equilibria

Noun

The word is derived from equilibrium

Meaning

of Equilibrium

Examples

For any type of social management, It is of great practical importance that levels of quasi-stationary equilibria can be changed in either of two ways: by adding forces in the desired direction, or by diminishing opposing forces. Kurt Lewin

We see evidence that lakes and forests and wetlands can have different equilibria - so you have a savanna system that may be stable and thriving, but it can also tip over and become an arid steppe if pushed too far by warming, land degradation, and biodiversity loss. Johan Rockstrom

Although modern models in general equilibrium theory demonstrate that under certain circumstances prices will indeed converge to equilibria, critics hold that the assumptions necessary for these results are extremely strong. Source: Internet

An application of Nash equilibria is in determining the expected flow of traffic in a network. Source: Internet

An N×N matrix may have between 0 and N×N pure-strategy Nash equilibria. Source: Internet

Agents in the model have an interest in equilibria being indeterminate: Indeterminacy, moreover, is not just a technical nuisance; it undermines the price-taking assumption of competitive models. Source: Internet

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