When the player of a game chooses a dominant strategy, Select one: a. it is the...
When the player of a game chooses a dominant strategy,
Select one:
a. it is the best strategy only if other players are cooperative
b. it is always leads to a Nash equilibrium that makes all players equally well off
c. the game can never reach a Nash equilibrium
d. it is the best strategy, regardless of choices made by other players
Homework Answers
Answer
Option 4
d. it is the best strategy, regardless of choices made by other players
A dominant strategy is a strategy played by a player at any strategy of another player because it gives better pay off than other available strategies. There is no interdependence with other players choices on the strategy.
In two player game, if both players have one dominant strategy then the game has one pure Nash equilibrium.
Add Answer to:
When the player of a game chooses a dominant strategy,
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question #12 11 In a two-person repeated game, a tit-for-tat strategy is: When each player pursues...
question #12
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the number on the left is the payoff to Player A, and the number on
the right is the payoff to Player B.
Does Player A have a dominant strategy? If so, what is it?
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In this game, which of the player(s) has/have a dominant strategy? A. Player 1 has a...
In this game, which of the player(s) has/have a dominant
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question #12
11 In a two-person repeated game, a tit-for-tat strategy is: When each player pursues his or her own self- interest without any cooperation. When players start off as noncooperative and then cooperate when one or both players show interest in colluding eWhen players start by cooperating and then mimic the other player's last move. When neither player defects. 12 Nash equilibrium is: Where one player maximizes payoff and the other does not. When one player's strategy is the...
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Suppose that two players are playing the following game. Player
A can choose either Top or Bottom, and Player B can choose either
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the right is the payoff to Player B.
Does Player A have a dominant strategy? If so, what is it?
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Top is...
In this game, which of the player(s) has/have a dominant
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