A Dominant-Strategy Equilibrium Exists in a Game When

question 166

Multiple Choice

A dominant-strategy equilibrium exists in a game when:

• A)no player has a choice.
• B)every player has a clear best action that does not depend on the action of the other players.
• C)each player's choices are dependent on the actions of other players.
• D)no player is able to dictate or predict the actions of any other player.

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Definitions:

Reinforcement

A concept in behavioral psychology where behavior is strengthened or weakened by the consequences that follow.

Punishment

The application of an undesirable stimulus or removal of a desirable one following a behavior, with the aim of decreasing that behavior's occurrence.

Freudian Theory

A set of psychoanalytic theories developed by Sigmund Freud, focusing on unconscious motives, conflicts, and childhood experiences as determinants of personality and behavior.

Breadwinner

Traditionally, the family member whose earnings are the primary source of financial support for the household.