Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose 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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