A strategy that is chosen by examining possible game outcomes and identifying dominated rival strategies is:
A) dominated strategy
B) dominant strategy
C) nash strategy
D) iterative dominance strategy
E) first mover strategy

Question

Quizplus · Accepted Answer

This strategy is called iterative dominance strategy. It helps to eliminate dominated strategies and leads to a smaller set of strategies that can be analyzed further to identify the best course of action. This allows for a more focused analysis and leads to the identification of the most optimal outcome.

A Strategy That Is Chosen by Examining Possible Game Outcomes