Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Both players cooperate and receive a moderate payoff.
B
One player defects while the other cooperates, leading to a high payoff for the defector and a low payoff for the cooperator.
C
Both players defect, resulting in low payoffs for both.
D
Both players always choose to cooperate, maximizing total payoffs.
Understanding the Answer
Let's break down why this is correct
Answer
In game theory, a dominant strategy is a choice that is best for a player regardless of what the other player decides. For both players to have a dominant strategy, their best option must be to defect, meaning they choose not to cooperate. For example, imagine two players can either share a reward or keep it all for themselves. If both players know that they will get a larger reward by defecting, even if the other cooperates, then defecting becomes the dominant strategy for both. In this case, both players will choose to defect, leading to a situation where neither of them gets the best possible outcome, but they still act in their own self-interest.
Detailed Explanation
When one player defects and the other cooperates, the defector gets a big reward. Other options are incorrect because Some might think that cooperating is always good; It's easy to think that both players defecting is a good choice.
Key Concepts
dominant strategy
Topic
Game Theory
Difficulty
easy level question
Cognitive Level
understand
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