When all players play their best strategy given what their competitors are doing, they are following their dominant strategy.

Question

Quizplus · Accepted Answer

When all players play their best strategy given what their competitors are doing, they are in Nash Equilibrium, not necessarily following a dominant strategy. A dominant strategy is one that is best regardless of what the competition does, while Nash Equilibrium accounts for the strategies of others.

When All Players Play Their Best Strategy Given What Their