A dominant strategy:
A) guarantees a player a higher payoff than its competitor.
B) calls for a contingent course of action.
C) is the best response to any strategy that the other player might select.
D) minimizes the other player's payoff.
E) sometimes means using a mixed strategy.

Question

Quizplus · Accepted Answer

A dominant strategy is the best response to any strategy that the other player might select. This means that regardless of what the other player chooses to do, the player with the dominant strategy will always do better by selecting their dominant strategy. This gives them an advantage and ensures they receive the highest payoff. Therefore, option C is correct. Option A is incorrect because a dominant strategy only guarantees a player a higher payoff than one specific competitor, not all competitors. Option B is incorrect because a contingent course of action is not the same as a dominant strategy. Option D is incorrect because a dominant strategy is focused on maximizing a player's own payoff, not minimizing the other player's payoff. Option E is incorrect because a dominant strategy is a pure strategy, not a mixed strategy.

A Dominant Strategy