A Set of Strategies in Which No Player Can Improve

question 31

Multiple Choice

A set of strategies in which no player can improve his or her payoff by changing his or her own action is called a:

• A) Nash equilibrium.
• B) Vickrey position.
• C) framing strategy.
• D) dominant strategy.

---

Definitions:

ABC Model

A framework used in psychology, particularly in cognitive-behavioral therapy, that describes the interrelation between affect (emotions), behavior, and cognition (thoughts).

Attitudes

A rephrased definition: Stable, learned predispositions to respond in a consistently favorable or unfavorable manner towards a given object or situation.

Cognitive Consistency

Cognitive Consistency refers to the desire of individuals to maintain harmony and consistency among their beliefs, attitudes, and behaviors to avoid dissonance.

Thoughts

Mental considerations, reflections, or meditations, often reflecting one's cognitive processes or attitudes.