# Which of the following best describes a dominant strategy?

## Which of the following best describes a dominant strategy?

Which of the following best describes a dominant strategy in a game with two players? the strategy that gives the highest payoff, given the other player has chosen a specific strategy.

## What do dominant strategies in a two person game often lead to?

Dominant strategies in a two-person game often lead to… a less preferred outcome for both players. If, to begin, a market is perfectly competitive, and then it is taken over by three or four firms, we would expect, as a result, a decrease in market output and an increase in the price of the product.

**Who has dominant strategy in game theory?**

What is Dominant Strategy? The dominant strategy in game theory refers to a situation where one player has superior tactics regardless of how their opponent may play. Holding all factors constant, that player enjoys an upper hand in the game over the opposition.

### What is difference between prisoner’s dilemma and Nash equilibrium?

In the Nash equilibrium, each player’s strategy is optimal when considering the decisions of other players. Every player wins because everyone gets the outcome they desire. The prisoners’ dilemma is a common game theory example and one that adequately showcases the effect of the Nash equilibrium.

### What is dominant strategy in Nash equilibrium?

Key Takeaways According to game theory, the dominant strategy is the optimal move for an individual regardless of how other players act. A Nash equilibrium describes the optimal state of the game where both players make optimal moves but now consider the moves of their opponent.

**Is Prisoner’s Dilemma part of game theory?**

The prisoner’s dilemma is one of the most well-known concepts in modern game theory. The prisoner’s dilemma presents a situation where two parties, separated and unable to communicate, must each choose between co-operating with the other or not.

#### What is prisoner’s dilemma example?

Prisoner’s Dilemma Explained For example, suspect A is afraid of remaining silent because in such a case, he can receive five years in prison if suspect B blames him. If suspect A chooses to blame suspect B, he can be set free if suspect B remains silent.