In game theory,the concept of _____ can be used to arrive at an equilibrium in a game with no dominant strategies.
A)multiple iterations
B)non-cooperation
C)iterated dominance
D)best response

Question

Quizplus · Accepted Answer

Iterated dominance is the process of eliminating strategies that are always worse than others regardless of the opponent's choice, and repeating the process until only one combination of strategies remains. This can help in arriving at a Nash equilibrium in a game with no dominant strategies. Multiple iterations can also be performed to ensure the stability of the equilibrium. Non-cooperation refers to a strategy where players do not cooperate with each other, which may not always lead to an equilibrium. Best response refers to choosing a strategy that maximizes the payoff given the opponent's strategy, and may not be useful in a game with no dominant strategies.

In Game Theory,the Concept of _____ Can Be Used to Arrive