For Two Players in a Game, a Nash Equilibrium Is

question 18

Multiple Choice

For two players in a game, a Nash equilibrium is different from a dominant strategy in that:

• A) the outcome in the Nash equilibrium may not be the best outcome for either of the players.
• B) the Nash equilibrium always has unequal outcomes whereas the dominant strategy always has even outcomes.
• C) there is always only one Nash equilibrium, but there may be more than one dominant strategy.
• D) None of the answers is correct.

---

Definitions:

Transformational Leadership Theory

A leadership approach that causes change in individuals and social systems, aiming to create a vision for followers and guiding changes through inspiration.

Charisma

A compelling attractiveness or charm that can inspire devotion or enthusiasm in others.

Personal Quality

Characteristics or attributes that define an individual’s nature, often influencing their behavior and interactions with others.

Laissez-faire Leadership

A leadership style that grants team members high degrees of freedom in how they work and make decisions, with minimal interference or direction from the leader.