Is a strategy that yields a higher payoff no matter what the other person's strategy is?
Answers
Answered by
1
Explanation:
In game theory, the best response is the strategy (or strategies) which produces the most favorable outcome for a player, taking other players' strategies as given (Fudenberg & Tirole 1991, p. 29; Gibbons 1992, pp. 33–49).
Answered by
0
Explanation:
Definition: A dominant strategy is a strategy that yields a higher payoff no matter what the other player chooses (antonym: a dominated strategy is a strategy that yields a lower payoff no matter what the other player chooses). Each prisoner has a dominant strategy to confess.
Similar questions