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.

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Definitions:

Management Theory

An interdisciplinary study or concept that focuses on understanding, predicting, and controlling human behavior in organizational settings.

Contingency Approach

A management theory that suggests the best way to manage an organization depends on the specific circumstances and factors facing the organization.

Contingency Theory

A theory that suggests the effectiveness of a leadership style is dependent on the context and situations in which it is applied.

One Best Way

A principle suggesting there is a single most efficient method to execute a particular work process or task.