A Strategy Is Dominant If

question 4

Multiple Choice

A strategy is dominant if

• A) it yields a greater payoff than any other player receives.
• B) it yields a payoff at least as large as that from any other strategy, regardless of the actions of other players.
• C) the player cannot gain by changing strategy, assuming that no other player changes strategy.
• D) it is part of a Nash equilibrium.

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Definitions:

Larceny

The wrongful or fraudulent taking and carrying away of another person’s personal property with the intent to deprive the person permanently of the property.

Forgery

The fraudulent making or altering of any writing in a way that changes the legal rights and liabilities of another.

Privilege of Self-Defense

The legal right of a person to defend themselves against harm, using reasonable force as necessary, without facing criminal liability.

Broad Categories

General classifications used to group items, ideas, or concepts based on shared characteristics or attributes.