An important characteristic of a dominant strategy is that:
A)it is the best strategy only in prisoner's dilemma
B)it always leads to a Nash equilibrium that makes all players equally well off
C)it can prevent the game reaching a Nash equilibrium
D)it is the best strategy for a player, regardless of whatever strategy the opponent chooses

Question

Quizplus · Accepted Answer

A dominant strategy is the best strategy for a player, regardless of whatever strategy the opponent chooses. This means that it ensures the highest possible payoff for the player, regardless of the actions taken by the other player(s) in the game. Therefore, it is a very powerful concept in strategic decision-making and game theory.

An Important Characteristic of a Dominant Strategy Is That