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Nash Equilibrium Strategy - neither party could get more noms by changing their strategy
Nom - v. to eat, to devour with great enthusiasm adj. delicious, awesome
Nom Nom Nom - n. the sound one makes while munching delicious food or otherwise feasting (see also om nom nom)
Noms - n. munchies (example: cookies, strawberry cheesecake, USB cords if you are a pet)
Help us expand our vocabulary! If you have a good defi-nom-tion of an econ word, please email words@economnomnomics.com or reply to this post below. Include your word and definition and also your name and/or institution or webiste that you would like credited.
A made-up example submission:
Trust – if you believe someone who promises you noms will deliver on their promise
by John Hsu, University of Maryland