Question

When a player in a game adopts a strategy which always yields the highest benefit regardless of what the other player does, that player is using a(n) __________.

Answer 1

Answer:

A Dominant Strategy

Explanation:

In game theory, a dominant strategy as the question states is a strategy that seeks to be the better strategy irrespective of what other players do. It is also a strategy that will always yield the highest payoff regardless of the actions of other players.

There are two types of strategic dominance:

A strictly dominant strategy will always provide greater utility to the player using it irrespective of the action or strategy of others

A weakly dominant strategy may not always give greater utility but the strategy strives to ensure that the same payoff or utility is attained equal to the strategy of other players and a greater payoff is attained wherever possible.