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Welcome to the Q&A for ECN/APEC 2010, where you can ask questions and receive answers from your fellow students, the TA, and your professor.

Please only ask questions about the material for the course. Try to create discussions about the material we see in class, instead of just thinking of economics in general (this is an introduction to microeconomics class, not a policy or government class).

For questions and discussions about course organization or other course related topics, come see us after class or during office hours.

Feel free to discuss quiz questions on the Q&A, but do not provide direct answers to quiz questions before the quiz's due date.

Dominant Strategy

0 votes
19 views
Is a dominant strategy the choice that is in the best interest for both parties, or the choice that is in the best interest for each party individually?
asked Apr 30 by canvas-b149513cc1960 (105 points)

2 Answers

+3 votes
A dominant strategy is the choice that is best for the individual. This choice will create the best outcome no matter what the opponent chooses.
answered Apr 30 by canvas-e25408d8f8d15 (216 points)
0 votes
It is dominant because that is what the party is going to choose in every situation if at all possible. it is the situation that is going to be the best option no matter what happens with the other party or opponent chooses it will give them the best outcome. So you were right when you said it is what is best for each party individually.
answered May 1 by canvas-9aacf617e2d12 (275 points)
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