Purchase Solution

Game theory

Not what you're looking for?

Ask Custom Question

In game theory, a dominant strategy refers to a choice:

1. that is the best response to the strategy selected by another player.

2. that is the best response regardless of the strategy selected by another player

3. that results in the player receiving a higher payoff than any other player.

4. All of the above are correct.

Purchase this Solution

Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.