A Dominant Strategy Exists If

question 138

Multiple Choice

A dominant strategy exists if:

• A)a player has a strategy that yields the highest payoff regardless of the other player's choice.
• B)both players have the highest payoff when they make the same choice.
• C)both players make the same choice.
• D)one strategy yields the highest possible payoff.

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Definitions:

Self-Fulfilling Prophecy

A phenomenon where an initially inaccurate expectation leads to actions that cause the expectation to become true.

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The ability to speak or write the English language smoothly, easily, and with little to no difficulty in understanding or being understood.

Dogmatism

Cognitive style that is rigid and intolerant and predisposes people to be prejudiced.