A player's best response is:
A) a strategy that provides him with a minimum payoff, assuming that other players behave in a specified way.
B) a strategy that provides him with the highest possible payoff, assuming that other players behave in a specified way.
C) a strategy that provides him with some payoff defined by a probability.
D) None of these is correct.

Question

Quizplus · Accepted Answer

A player's best response is the strategy that provides him with the highest possible payoff, assuming that other players behave in a specified way. It is not the minimum payoff (A) nor is it some payoff defined by a probability (C). Option D states that none of these is correct, which is not true as option B is correct.

A Player's Best Response Is