When a particular strategy produces a better outcome for a person regardless of the strategies others choose,we say it is a(n)
A) dominated strategy.
B) dominant strategy.
C) equilibrated strategy.
D) efficient strategy.
E) surplus maximization strategy.

Question

Quizplus · Accepted Answer

A dominant strategy is a strategy that produces a better outcome for a person regardless of the strategies chosen by others. This means that the person will always be better off choosing this strategy, regardless of what anyone else does. Dominant strategies are important in game theory because they make it easier to predict the outcome of a game.

When a Particular Strategy Produces a Better Outcome for a Person