A dominant strategy is a strategy that:
A) all players must follow.
B) has a higher payoff than any other strategy no matter what the other player does.
C) leads to one player's interests dominating the interests of the other players.
D) a player follows regardless of the strategies followed by other players.

Question

Quizplus · Accepted Answer

A dominant strategy is the best strategy for a player regardless of what strategies the other players are using. It has a higher payoff than any other strategy, no matter what the other player does. Therefore, answer B correctly defines a dominant strategy.

A Dominant Strategy Is a Strategy That