Asked by
Alexis Cardona
on Oct 27, 2024
Verified
A dominant-strategy equilibrium occurs when:
A) a player has no choice.
B) all players' action of choice is always best for them,regardless of the action of the other players.
C) each player makes the best choice given the choice of the other player.
D) no player is able to dictate the actions of any other player.
Dominant-Strategy Equilibrium
A situation in game theory where one strategy is better than others, regardless of what any other player chooses.
- Acquire knowledge on the elementary notions of game theory, covering strategies, payoffs, and Nash equilibrium.
- Ascertain actions as leading strategies when they produce the best possible outcome, independent of the decisions made by others.
Verified Answer
PZ
Learning Objectives
- Acquire knowledge on the elementary notions of game theory, covering strategies, payoffs, and Nash equilibrium.
- Ascertain actions as leading strategies when they produce the best possible outcome, independent of the decisions made by others.
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