A Dominant Strategy Differs from a Nash Equilibrium Strategy in That

question 34

Multiple Choice

A dominant strategy differs from a Nash equilibrium strategy in that

• A) Nash equilibrium strategy does not assume best reply responses
• B) dominant strategy assumes best reply responses
• C) only Nash strategy applies to simultaneous games
• D) one dominant strategy is sufficient to predict behavior in a multi-person game
• E) Nash strategy is often unique

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Definitions:

Lowest Terms

A fraction reduced to the lowest terms where the numerator and denominator are the smallest possible numbers that retain the original value.

Fractions

Numerical quantities that represent a part of a whole, commonly expressed with a numerator and a denominator.

Lowest Terms

The most basic version of a fraction, in which both the top and bottom numbers have been minimized to the lowest possible figures.

Pasta Sauce

A flavored liquid or semi-liquid mixture served with pasta, typically made from ingredients such as tomatoes, herbs, and spices.