Which of the following statements is true?
A)Every game has a dominant strategy.
B)Not every game has a dominant strategy.
C)Every game has multiple Nash equilibria.
D)People never choose the strategies that result in Nash equilibrium.

Question

Quizplus · Accepted Answer

Not every game has a dominant strategy. A dominant strategy is a strategy that is always optimal, regardless of the strategies chosen by the other players. Some games have dominant strategies, but others do not. Therefore, statement A is false. Statement C is also false because not all games have multiple Nash equilibria, although many do. Finally, statement D is false because Nash equilibrium is a commonly observed outcome in many real-world situations.

Which of the Following Statements Is True