When Neither Player Has a Dominant Strategy

question 35

Multiple Choice

When neither player has a dominant strategy,

• A) game theory will not provide information.
• B) no Nash-Equilibrium exists.
• C) at least one Nash-Equilibrium exists.
• D) the game cannot be analyzed.

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Definitions:

Distributive Bargaining

A negotiation process focused on dividing a fixed amount of resources between parties.

Bargaining Range

The spectrum or zone between the opening positions of negotiating parties where an agreement is feasible.

Concessions

Compromises made by one or more parties in a negotiation, where they agree to relinquish certain demands or positions.

Target Point

The ideal outcome one hopes to achieve in a negotiation or goal-setting scenario.