If there is no one strategy that is best every time:
A)there is no dominant strategy.
B)the dominant strategy will be to defect.
C)a noncooperative equilibrium is the only possible outcome.
D)the dominant strategy for at least one player will be to cooperate.

Question

Quizplus · Accepted Answer

If there is no one strategy that is always best, it means there is no dominant strategy that can be played by every player. In this case, players need to analyze the situation and make a decision based on their own self-interest and the actions of other players. Therefore, the best choice is to not rely on a dominant strategy and instead consider all possible outcomes and responses.

If There Is No One Strategy That Is Best Every