Question

Consider a game where both players have a dominant strategy. In this type of game ___...

Consider a game where both players have a dominant strategy. In this type of game ___

a.strategic interactions play no role

b.the optimal decision for both players does not depend on the behavior of the other player

c.each player is expected to play her dominant strategy irrespective of the strategy selected by the other player

d.all of the above are correct

e.none of the above are correct

Homework Answers

Answer #1

As we know that, Dominant strategies are considered as better than other strategies, no matter what other players might do.  Dominant strategy occurs when one strategy is better than another strategy for one player, no matter how that player's opponents may play.

There are two kinds of strategic dominance: A strictly dominant strategy is that strategy that always provides greater utility to a the player, no matter what the other player’s strategy is. A weakly dominant strategy is that strategy that provides at least the same utility for all the other player’s strategies, and strictly greater for some strategy.

The correct option is (c).

c.each player is expected to play her dominant strategy irrespective of the strategy selected by the other player.

Hope you got the answer.

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