Asked by Joseph Smith on Jul 03, 2024
Verified
A dominant strategy is a player's move or action that
A) is better than any alternative option, regardless of what the other player does.
B) yields her a higher payoff than the other player.
C) results in the highest possible payoff, assuming a specific action by the other player.
D) gives the largest total payoff for the two players combined.
Dominant Strategy
In game theory, a strategy that is best for a player regardless of the strategies chosen by the other players.
Payoff
The return or profit from an investment or action.
Alternative Option
A different choice or course of action that is available to individuals or organizations.
- Gain an appreciation for the role of leading strategies within decision-making procedures.
Verified Answer
AN
Amanda NeitzelJul 05, 2024
Final Answer :
A
Explanation :
A dominant strategy is one that is better than any other strategy for a player, no matter what the other player does. It is the best choice for a player regardless of the opponent's actions.
Learning Objectives
- Gain an appreciation for the role of leading strategies within decision-making procedures.
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