In Game Theory,when a Player Has an Action That Is

question 261

Multiple Choice

In game theory,when a player has an action that is always best for that player,regardless of the action taken by the other player(s) in a game,we say this player has a _____ strategy.

• A)competitive
• B)trigger
• C)dominant
• D)tit-for-tat

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Definitions:

Central Tendency

A measure that identifies the center of a data set, or where the bulk of the values lie, including mean, median, and mode.

Statistic

A statistic is a single measure, reported as a number, used to summarize a sample and to estimate the corresponding value in the larger population from which the sample was drawn.

Parameter

A parameter is a numerical characteristic of a population, such as its mean or standard deviation, as opposed to a statistic of a sample.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data.