A Dominant Strategy Is a Strategy That

question 118

Multiple Choice

A dominant strategy is a strategy that:

• A) results in the highest payoff to a player regardless of the opponent's action.
• B) guarantees the highest payoff given the worst possible scenario.
• C) describes a set of circumstances in which no player can improve her payoff by unilaterally changing her own strategy, given the other players' strategies.
• D) randomizes over two or more available actions in order to keep rivals from being able to predict a player's action.