A best response function
A) Is also known as a reduction function
B) Is upward sloping if free riding occurs
C) Shows the relationship between a player's choice and another player's best response
D) Must be the same for all players in the game

Question

Quizplus · Accepted Answer

A best response function shows the optimal strategy of a player in response to the strategies of the other players in the game. It captures how a player would react to each possible strategy of the other players. Therefore, the best response function is a function of the strategies of the other players and shows the relationship between a player's choice and another player's best response. A best response function may not be the same for all players in the game, as different players may have different payoffs or strategies. A reduction function is not a commonly used term in game theory. The slope of a best response function depends on the nature of the game and may be upward, downward or flat. Therefore, option A and B are incorrect.

A Best Response Function