If a player has a strategy where one course of action under-performs all others no matter what other players do, that strategy is
A) a prisoner's dilemma.
B) dominated.
C) dominant.
D) a loser.
Correct Answer:
Verified
Q1: A prisoner's dilemma is
A)stable.
B)the best equilibrium possible.
C)inefficient.
D)efficient.
Q2: The two types of games include
A)fast and
Q3: In a sequential game
A)a player has to
Q4: In a sequential game
A)players try to figure
Q5: The purpose of convention is
A)to create a
Q7: When a game is played repeatedly
A)only customers
Q8: Strategic behavior
A)is found in competitive markets.
B)is a
Q9: A prisoner's dilemma exists when
A)all parties are
Q10: When outcomes are uncertain
A)people always look for
Q11: Often, when no player has a dominant
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