The Relationship Between a Pure-Strategy Nash Equilibrium and a Dominant-Strategy

question 55

Multiple Choice

The relationship between a pure-strategy Nash equilibrium and a dominant-strategy equilibrium is that:

• A) a dominant-strategy equilibrium is a special case of a pure-strategy Nash equilibrium.
• B) a pure-strategy Nash equilibrium is a special case of a dominant-strategy equilibrium.
• C) they are the same.
• D) there may not be a dominant-strategy equilibrium, but there always is a pure-strategy Nash equilibrium.
• E) they are mutually exclusive and exhaustive, in that a dominant-strategy equilibrium is the same thing as a mixed-strategy Nash equilibrium.

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Definitions:

Theodore Levitt

Theodore Levitt was a renowned economist and professor at Harvard Business School, best known for his work on marketing and for coining the term "globalization."

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