In Game Theory,the Strategy That Results in the Highest Payoff

question 93

Multiple Choice

In game theory,the strategy that results in the highest payoff to a player regardless of what the other player decides to do is called the:

• A)Stackleberg equilibrium.
• B)equilibrium strategy.
• C)min-max strategy.
• D)dominant strategy.

---

Definitions:

Social Exchange Theory

A conceptual framework suggesting that social behavior is the result of an exchange process aiming to maximize benefits and minimize costs.

Norm Of Reciprocity

A social expectation that people will respond to each other in kind, returning benefits for benefits and responding with either indifference or hostility to harms.

Transformational Leaders

Leaders who inspire and motivate their followers by presenting a compelling vision of the future, fostering an environment of intellectual stimulation, and demonstrating personal attention to each member's needs and development.

Consideration

The thoughtfulness and sensitivity shown towards others, often part of leadership qualities that include respect and empathy.