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www.YYeTs.net
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if, for each I, so for each player I,
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her choice, so her choice here is Si*,
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i is part of that profile is a best response to the other players' choices.
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Of course, the other players' choices here are S*-i
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so everyone is playing a best response to everyone else.
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Now, this is by far the most commonly used solution concept in Game Theory.
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So those of you who are interviewing for McKenzie or something,
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you're gonna find that they're gonna expect you to know what this is.
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So one reason for knowing what it is,
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is because it's in the textbooks,
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it's going to be used in lots of applications,