he payoff value for which each player in a game always selects the same strategy is called theans.saddle pointequilibrium pointnoneboth Previous Marked for Review Next

The payoff value for which each player in a game always selects the same strategy is called the

In game theory, the strategy that results in the highest payoff to a player regardless of what the other player decides to do is called the:Group of answer choicesStackleberg equilibrium.equilibrium strategy.min-max strategy.dominant strategy

For a player in a game, a dominant strategy isGroup of answer choicesAll of the other answers are correctthe strategy that maximises the joint payoff of players in the game.When all players adopt the same strategywhen a player adopts the same strategy, regardless as to the strategies of any other players in the gameNone of the other answers are correct

In a 2-player game the payoff function of player 1 is given by , where denotes a strategy of player 1 and a strategy of player 2.Suppose that (that is, all real values from 7 to 9, including 7 and 9) are the strategy sets of players 1 and 2, respectively.Write down the strategy of player 1 which is strongly dominant.

In a dominant strategy equilibrium: Group of answer choices The players adopt strategies that maximise the joint payoffs to all players in the game Each player adopts a strategy that maximises the payoffs to all of the other players in the game Players adopt strategies that minimise the payoffs of their rivals Every player plays their dominant strategy None of the above