A strategy is dominant ifA. the player cannot gain by changing strategy, assuming that no other player changes strategy. B. it yields a payoff at least as large as that from any other strategy, regardless of the actions of other players. C. it yields a greater payoff than any other player receives. D. it is part of a Nash equilibrium.

Question

Weston Navarro

Social Studies

1 October, 04:15

A strategy is dominant ifA. the player cannot gain by changing strategy, assuming that no other player changes strategy. B. it yields a payoff at least as large as that from any other strategy, regardless of the actions of other players. C. it yields a greater payoff than any other player receives. D. it is part of a Nash equilibrium.

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Answers (1)

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Reid Hahn · Answer 1

B. it yields a payoff at least as large as that from any other strategy, regardless of the actions of other players.

Explanation:

A dominant strategy is a strategy that is always better than another strategy in the group for the action of other players. The strategy is considered to be dominant when that strategy earns the player a larger or greater payoff than any other player in the group regardless of what any other players do.

All the other players are dominated in the group when one strategy is dominated.

Hence the correct option is - - (B)