Which of the following assumptions about static games with complete information is incorrect:
A) Players' strategies are common knowledge.
B) Payoffs from alternative strategy profiles are common knowledge.
C) Each player has a dominant strategy.
D) Players' identities are common knowledge.
E) Noncooperative static games are examples of the prisoner's dilemma.

Question

Quizplus · Accepted Answer

Not every static game with complete information has a dominant strategy for each player. Dominant strategies are specific to certain games, not a general assumption for all static games.

Which of the Following Assumptions About Static Games with Complete