It is a solution concept based on how players think about other players' thought processes.

A solution concept is a vector that represents the allocation to each player.

Some properties to look for in a solution concept include:

Uniqueness: The solution concept is unique for any game .

This and other difficulties have led to the development of many other solution concepts.

The solution concept represents technical realization that satisfies at least the required performance.

Design decision is a development of a solution concept.

The Nash equilibrium is the traditional solution concept in game theory.

These "solution concepts" are usually based on what is required by norms of rationality.

In game theory, a solution concept is a formal rule for predicting how a game will be played.