Asked by Trent Franklin on Jun 11, 2024
Verified
In a Nash equilibrium, everyone must be playing a dominant strategy.
Nash Equilibrium
A concept in game theory where each player's strategy is optimal given the strategies of all other players, leading to a situation where no player can benefit by changing strategies unilaterally.
Dominant Strategy
A strategy in game theory that yields the best outcome for a player, regardless of what strategies other players choose.
- Determine the foremost strategies and their effects on game conclusions.
Verified Answer
JJ
Jacory JurdenJun 17, 2024
Final Answer :
False
Explanation :
In a Nash equilibrium, players are playing the best response to the strategies of the other players, but it is not necessary that everyone is playing a dominant strategy. There may be cases where players are playing a mixed strategy or a non-dominant strategy that still leads to a Nash equilibrium.
Learning Objectives
- Determine the foremost strategies and their effects on game conclusions.