In game theory, a dominant strategy is the best strategy to pick, no matter which moves are chosen by the other player. to make the exact same move that was made by the other player. O the choice that causes the payoff for the other player to be minimized, regardless of the payoff it earns the best strategy to pick, assuming the other player makes his or her best possible choice. to allocate all personnel resources towards defensive talent in order to dominate opposing offenses.

In game theory, a dominant strategy is the best strategy to pick, no matter which moves are chosen by the other player. to make the exact same move that was made by the other player. O the choice that causes the payoff for the other player to be minimized, regardless of the payoff it earns the best strategy to pick, assuming the other player makes his or her best possible choice. to allocate all personnel resources towards defensive talent in order to dominate opposing offenses.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter13: Between Competition And Monopoly

Section: Chapter Questions

Problem 10DQ

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What term refers to the optimal action that a player can take, regardless of the opponents' actions? Oa Nash strategy a payoff strategy a cooperative strategy a dominant strategy
You are playing a game with a friend. It’s yourmove but you don’t have a dominant strategy.Your payoff depends on what your friend doesafter your move. You consider flipping a coin todecide what to do. You are about to reach for acoin, but then you realize that your friend has adominant strategy. Explain how using backwardinduction (rather than a coin toss) will now determine your next move
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1. A row of minus signs is written on a whiteboard (can be any number). Two players take turns in replacing either a single minus sign by a plus sign or two adjacent minus signs by two plus signs. The player who makes the last move wins. Discuss the possible strategy for the first mover to force a win.
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