Suppose a Player in a Game Has a Dominant Strategy

question 53

Multiple Choice

Suppose a player in a game has a dominant strategy, but they threaten to take another action. Can this threat be credible?

• A) No, such threats are never credible to other rational players.
• B) No, if the player has a dominant strategy, they must take this action.
• C) Yes, if they can link the current game to another bargaining problem in which their joint strategy for the combined games is rational.
• D) Yes, dominant strategies may not always yield the highest payoffs.

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Definitions:

Key Features

Fundamental characteristics or attributes that distinguish a concept, theory, object, or phenomenon from others.

Legacy Models

Refer to outdated or traditional models, methods, or systems that are still in use despite newer alternatives.

Theory X/Theory Y

A concept of employee motivation in management that proposes two perspectives on workforce motivation: Theory X assumes employees are inherently lazy, while Theory Y sees workers as self-motivated and enjoying their job tasks.

Behavioral

Pertaining to actions or reactions of humans or animals in response to external or internal stimuli.