Your economics professor has decided that your class will not be graded on a curve but on an absolute scale. Therefore, it is possible for every student in the class to get an "A." Your grade will not depend in any way on your classmates' performance. Based on this information, you decide that you should study economics three hours each day, regardless of what your classmates do. In the language of game theory, your decision to study three hours each day is:
A) a dominant strategy.
B) a minimax strategy.
C) a maximin strategy.
D) a Prisoners' Dilemma.

Question

Quizplus · Accepted Answer

In game theory, a dominant strategy is one that is always the best choice, regardless of what the other player does. In this scenario, studying three hours each day is the best strategy for the individual student, regardless of what their classmates do. Therefore, it is a dominant strategy.

Your Economics Professor Has Decided That Your Class Will Not