In a Nash equilibrium,
A) each player has a dominant strategy.
B) no players have a dominant strategy.
C) at least one player has a dominant strategy.
D) players may or may not have dominant strategies.
E) the player with the dominant strategy will win.

Question

Quizplus · Accepted Answer

In a Nash equilibrium, players may or may not have dominant strategies. The players choose their strategies based on what they believe others will do and try to maximize their own payoffs. Each player's strategy is a best response to the strategies chosen by the other players. Therefore, there may not be a single dominant strategy for any player, leading to a situation where no player can benefit by changing their strategy.

In a Nash Equilibrium