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Author Question: What is a dominant strategy equilibrium? What will be an ideal ... (Read 91 times)

silviawilliams41

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on: Jun 29, 2018
What is a dominant strategy equilibrium?
 
  What will be an ideal response?

Question 2

Because ________ in the government budget deficit increase the real interest rate, budget deficits can ________ firm investment.
 
  A) decreases; increase B) increases; decrease
  C) decreases; decrease D) increases; increase


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Sweetkitty24130

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Reply #1 on: Jun 29, 2018
Answer to Question 1

When a player has the same best response to every possible strategy of the other players, then we say that the player has a dominant strategy. A combination of strategies is a dominant strategy equilibrium if each strategy is a dominant strategy.

Answer to Question 2

B


silviawilliams41

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

jamesnevil303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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