Zero Sum Games
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Drawing payoff matrix for A and B, according to the definition of dominant strategy: one strategy is better than any other strategies for one player, no matter how that player's opponents may play, the dominant strategy for A is putting [View full text and thread]
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Can someone explain to me what a dominant strategy is?
|05/15/2005 06:38 AM by Monica; Dominant strategy|
A scenario: two students are doing an assignment together and both get the same grade regardless of effort. Difference between them: student A likes to get high marks, student B likes sport and doesnt care as much. If both puts in an effort thet get an A. A is very happy, B is only semi happy for having to give up sports. A puts in effort, B is lazy: they both get C. A will get sad, B will be very happy since he could play sports and pass.If both are lazy both get an E. A is very sad, B is semi sad (could play sports).B puts in an effort , A are lazy, both get C: A is sad, B is very sad ( for missing sports). Is this dominant strategy? [Manage messages]