The best-response method assumes that each player will
A) always choose the action that is the cheapest to implement.
B) choose his or her best payoff, taking into account the actions of all other players.
C) choose his or her best payoff, taking into account past actions and outcomes.
D) cooperate with all the other players to maximize their joint outcome.

Question

Quizplus · Accepted Answer

The best-response method in game theory assumes that each player will choose their best payoff while considering the actions of all other players. This method is used to predict outcomes in strategic interactions where each player's decision depends on the choices of others.

The Best-Response Method Assumes That Each Player Will