Equilibrium or balance is any of a number of related concepts in the sciences and social sciences. In general, a system is said to be in a state of equilibrium if all influences on the system are cancelled by the effects of others. A related concept is stability; an equilibrium may or may not be stable.
Thermodynamic equilibrium[?], the state of a system in which its internal processes cause no net change in its macroscopic[?] properties (such as temperature and pressure).
Nash equilibrium in game theory, an optimum strategy for all players in a game, in the sense that no one player can benefit by changing his strategy while all other players keep theirs the same.
Reflective equilibrium in ethics, a state in which the consequences of one's general principles are consistent with one's opinions about individual cases.
For individuals and organisations a balance between income and expenses is often important, especially in the long run.
Psychologically some balance between desires and satisfaction is important; somewhat paradoxically complete satisfaction may not be ideal, it can be argued that perhaps it is better if things are left to be desired.
In various practical matters an equilibrium is useful, e.g.:
Mechanical equilibrium:
Marion & Thornton, Classical Dynamics of Particles and Systems. Fourth Edition, Harcourt Brace & Company (1995).
Thermodynamic equilibrium:
F. Mandl, Statistical Physics, Second Edition, John Wiley & Sons (1988).
Nash equilibrium:
A. Mehlmann, The Game's Afoot! Game Theory in Myth and Paradox, Friedr. Vieweg & Sohn (1997).
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