Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Both players choose to cooperate, leading to mutual benefit.
B
One player defects while the other cooperates, maximizing individual gain.
C
Both players defect, resulting in lower payoffs for both compared to cooperation.
D
One player cooperates and the other defects, leading to the best outcome for the defector.
Understanding the Answer
Let's break down why this is correct
Answer
In game theory, a dominant strategy is one that is the best choice for a player, no matter what the other player decides to do. Consider a situation where two players can either cooperate, which means they work together for a mutual benefit, or defect, which means they act in their own self-interest. If both players choosing to defect leads to a better outcome for each player than if they cooperated, then defecting is their dominant strategy. For example, if Player A and Player B both get a payoff of 1 for defecting, but only 0. 5 if they both cooperate, then defecting is the best choice for both players.
Detailed Explanation
When one player cooperates and the other defects, the defector gets the best outcome. Other options are incorrect because Many think cooperation is always best; Some believe that defecting while the other cooperates is the best choice.
Key Concepts
dominant strategy
best response
Topic
Dominant Strategies in Game Theory
Difficulty
medium level question
Cognitive Level
understand
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