Quote:
Originally Posted by xfkabio
Is it just for working out the correct play for flops, or is it used for turn and river plays also?
A nash equilibrium is when, in a non-cooperative game with rational players aware of each other's strategy, no player can improve their outcomes by changing their strategy alone. It is an application of game theory.
In theory, game theory can be used to derive the optimum strategy in any game context (preflop, postflop, heads up, multiway, etc.) In practice, the more variables (streets of betting remaining, cards remaining to be seen, players still active), the more complex the outcome tree is, and therefore the more difficult it is to apply game theory. Nash Equilibrium are primarily used for preflop push\fold charts.