Question: What is a dominant strategy in a game? Where both players in a two-person game have a dominant strategy, is there an equilibrium solution for

What is a dominant strategy in a game? Where both players in a two-person game have a dominant strategy, is there an equilibrium solution for the game? What is a Nash equilibrium? Is a dominant-strategy equilibrium a Nash equilibrium? What are the possible shortcomings of a Nash equilibrium in a game?

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A dominant strategy is a strategy that is optimal regardless of what the other player does If ... View full answer

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