Consider the following payoff matrix:
Player B Strategy
Player A $ 1,000 - $ 2,000
Strategy $ 2,000 - $ 1,000
- $ 1,000 - $ 2,000
- $ 2,000 - $ 1,000
a. Does Player A have a dominant strategy? Explain why or why not.
b. Does Player B have a dominant strategy? Explain why or why not.
a) Yes. Player A's upper strategy could get a payoff of 2000 or -1000, but his lower strategy could get a payoff of -2000 or -1000. ...
This solution explains how to determine whether a player in a two-player game has a dominant strategy.