An outcome where both players have played their dominant strategy is a Nash equilibrium.

Name: An outcome where both players have played their dominant strategy is a Nash equilibrium.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

In a Nash equilibrium, each player is playing their best strategy, given the strategies chosen by the other players. If both players are playing their dominant strategy, then neither player has an incentive to change their strategy, even if they know what the other player will do. Therefore, this is a Nash equilibrium.

An Outcome Where Both Players Have Played Their Dominant Strategy