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According to John Nash’s best response strategy, each player aims for the highest: marginal utility total...

According to John Nash’s best response strategy, each player aims for the highest:

marginal utility
total utility
expected utility
average utility
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Answer #1

The best response strategy as put forward by the John Nash states that each player aims for utlity he or she expects to derive from his or her action given the actions of the other players.

In such scenario, the aim of each player is to go for the strategy that maximize the expected utility he or she expects to derive.

Thus,

According to John Nash’s best response strategy, each player aims for the highest expected utility.

Hence, the correct answer is the option (3).

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