A dominant strategy occurs when
A) one player has a strategy that yields the highest payoff independent of the other player's choice.
B) both players have a strategy that yields the highest payoff independent of the other's choice.
C) both players make the same choice.
D) the payoff to a strategy depends on the choice made by the other player.
E) each player has a single strategy.

Question

Quizplus · Accepted Answer

A dominant strategy occurs when one player has a strategy that yields the highest payoff independent of the other player's choice. Therefore, the best choice is the one that gives the highest payoff regardless of what the other player chooses.

A Dominant Strategy Occurs When