In Game Theory,what Is a Dominant Strategy

question 11

Multiple Choice

In game theory,what is a dominant strategy?

• A)A strategy that leads to the best possible outcome for both firms.
• B)Any strategy that leads to a Nash equilibrium.
• C)A strategy that yields a minimax outcome.
• D)A strategy that leads to the best outcome for a firm no matter what strategy the other chooses.
• E)none of the above

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Definitions:

Subtle

Describing something so delicate or precise as to be difficult to analyze or describe; often implies complexity.

Spatial Reasoning

The ability to understand, reason, and remember the spatial relations among objects or space.

Replicable

Capable of being repeated or duplicated under similar conditions, a critical criterion for scientific research to verify results.

Double-blind Study

A research method in which neither the participants nor the researchers know who is receiving the experimental treatment, to prevent bias.