A dominant strategy is a strategy that:
A) results in the highest payoff to a player regardless of the opponent's action.
B) guarantees the highest payoff given the worst possible scenario.
C) describes a set of circumstances in which no player can improve her payoff by unilaterally changing her own strategy, given the other players' strategies.
D) randomizes over two or more available actions in order to keep rivals from being able to predict a player's action.

Question

Quizplus · Accepted Answer

A dominant strategy is the best strategy for a player regardless of what the other player chooses. It ensures the highest possible payoff for the player.

A Dominant Strategy Is a Strategy That