📚 Learning Guide
Game Theory Strategies
easy

In Game Theory, a situation where one strategy is better than another strategy for a player, no matter what the other players choose, is known as a __________ strategy.

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

Dominant

B

Nash

C

Cooperative

D

Mixed

Understanding the Answer

Let's break down why this is correct

Answer

In Game Theory, a situation where one strategy is always better than another, regardless of what the other players do, is called a dominant strategy. This means that if a player has a dominant strategy, they will always choose it because it leads to the best outcome for them, no matter how others act. For example, imagine two companies deciding whether to lower their prices. If Company A knows that lowering prices will always increase its sales, regardless of what Company B does, then lowering prices is Company A's dominant strategy. This concept helps players make decisions that maximize their benefits, simplifying the choices they have to consider.

Detailed Explanation

A dominant strategy is always the best choice for a player. Other options are incorrect because A Nash strategy is about balance; Cooperative strategies involve working together.

Key Concepts

Game Theory Strategies
Dominant Strategies
Nash Equilibrium
Topic

Game Theory Strategies

Difficulty

easy level question

Cognitive Level

understand

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