When neither player has a dominant strategy,
A)game theory will not provide information.
B)no Nash equilibrium exists.
C)at least one Nash equilibrium exists.
D)the game cannot be analyzed.

Question

Quizplus · Accepted Answer

If neither player has a dominant strategy, it means that they are both better off changing their strategy if they know what the other player is going to do. In this case, at least one Nash equilibrium exists where both players choose a strategy that is the best response to the strategy chosen by the other player. While game theory may not provide information on which strategy will be chosen, we know that at least one equilibrium must exist.

When Neither Player Has a Dominant Strategy