A strictly dominant action produces: a higher payoff than any other action the player can use for every possible action of the other players. a lower payoff than any other action the player can use for every possible combination of the other players. the same payoff as any other action the player can use for every possible combination of the other players. a lower or the same payoff as any other action the player can use for every possible combination of the other players. a lower payoff than any other action the player can use for one possible combination of the other players.

Question

Bradyn Mckenzie

Business

6 September, 15:01

A strictly dominant action produces: a higher payoff than any other action the player can use for every possible action of the other players. a lower payoff than any other action the player can use for every possible combination of the other players. the same payoff as any other action the player can use for every possible combination of the other players. a lower or the same payoff as any other action the player can use for every possible combination of the other players. a lower payoff than any other action the player can use for one possible combination of the other players.

+3

Answers (1)

Know the Answer?

Judith French · Answer 1

A strictly dominant action produces: a higher payoff than any other action the player can use for every possible action of the other players.

Explanation:

A strictly dominant action does not play fair. Here, there is no equality because strict dominance requires all payoffs to be strictly greater.

A strictly dominant strategy is that strategy that always provides greater utility to a the player, no matter what the other player's strategy is.

A rational player will avoid a strictly dominated counterpart because if his opponent uses strictly dominated action he will be come out worse off regardless of which moves other players make.