A dominant strategy is a strategy that:
A) results in the highest payoff for all parties no matter what.
B) has a higher payoff than another strategy some of the time and lower payoff than another strategy the rest of the time.
C) has a lower payoff than any other strategy, no matter what the other player does.
D) has a higher payoff than any other strategy, no matter what the other player does.

Question

Quizplus · Accepted Answer

A dominant strategy is one that always results in a higher payoff than any other strategy, regardless of what the other player does. Therefore, option D is correct.

A Dominant Strategy Is a Strategy That