Simultaneous Policy

Simultaneous policy refers to a decision-making approach where multiple agents or participants choose their strategies at the same time without knowing others' choices. This method helps analyze situations where everyone acts independently and simultaneously, such as businesses setting prices or countries negotiating treaties. The goal is to identify stable strategies, called Nash equilibria, where no participant can improve their outcome by changing their decision alone. In essence, simultaneous policies model coordination and strategic planning when actions are taken concurrently, enabling a better understanding of complex interactions in competitive or cooperative environments.