A player has a first-mover advantage:
A) If he or she is able to obtain a payoff that is no worse than if all players moved simultaneously.
B) Will always obtain the highest possible payoff.
C) Only in games in which all players have dominant strategies.
D) Only in games in which none of the players have dominant strategies.
E) None of the above.

Question

Quizplus · Accepted Answer

A first-mover advantage occurs when a player can secure a payoff that is at least as good as, if not better than, the payoff they would receive if all players made their moves at the same time. This does not necessarily mean they will always obtain the highest possible payoff, nor is it limited to games with or without dominant strategies.

A Player Has a First-Mover Advantage