Nash equilibrium is:
a. where one player maximizes his payoff and the other doesn't
b. where each player maximizes the expected payoff
c. similar to a dominant strategy
d. difficult to determine
Question 2
The difference between a Nash equilibrium strategy and a dominant strategy is:
a. nothing; they are synonymous.
b. the former is stable but the latter is unstable.
c. the former must be a best response to all others' strategy profiles, whereas the latter need only be a best response to others' Nash equilibrium strategies.
d. the former need only be a best response to others' Nash equilibrium strategies, whereas the latter must be a best response to all others' strategy profiles.
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