A Dominant-Strategy Equilibrium Occurs When

question 132

Multiple Choice

A dominant-strategy equilibrium occurs when:

• A)a player has no choice.
• B)all players' action of choice is always best for them,regardless of the action of the other players.
• C)each player makes the best choice given the choice of the other player.
• D)no player is able to dictate the actions of any other player.

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Definitions:

Inescapable Shocks

A term from psychology experiments referring to electric shocks that the subjected animal or human cannot avoid, often used in studies on learned helplessness.

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Carcinogens

Substances or exposures that are known to lead to cancer formation by altering cellular metabolism or damaging genetic material in cells.

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