Discuss the dominant strategy and dominated strategy in a game through

Question

Discuss the dominant strategy and dominated strategy in a game through an example. Is Nash equilibrium always indicated dominant strategy? Why or why not? Explain.

04 Aug 2023

Answer :

Word Count : 627

Dominant Strategy and Dominated Strategy:

In game theory, the concepts of dominant strategy and dominated strategy are used to analyze strategic interactions between players. Let's delve into these concepts using an example:

Example: Prisoner's Dilemma

Imagine two suspects, Alice and Bob, have been arrested for a crime. The police have insufficient evidence to convict them for the major crime, but they suspect them of a lesser offense. The prisoners are placed in separate interrogation rooms and given the following options:

If both Alice and Bob stay silent (Cooperate), they will each serve a short sentence for the lesser crime.
If one prisoner confesses (Defect) while the other remains silent, the defector will go free, and the silent one will face a longer sentence.
If both prisoners confess (Defect), they will each receive a moderate sentence.

Now, let's analyze this scenario using dominant and dominated strategies:

Dominant Strategy: A dominant strategy is a choice that ___ ______ _________ ______ ______ _______ ______.
__________ ______ ___ ________ _____ __________ ________ ______ _______ ______ __________ ____.
_______ _______ ________ ___ __________ ____.
__________ _________ ________ ______ ______ _________ ___ _______ ______.
________ ______ ____ __________ __________ _________ ___ __________ ______.
______ ____ ________ _____ __________ ______ __________ ______ _______ ___ __________.
__________ ________ ____ __________ ____ ______ __________ ________ ___ _____.
____ ____ _________ _____ _____ ___ ____.
______ _____ __________ ______ _____ ___ ________ _______.
______ ________ _________ ________ ____ __________ ________ ___ ___ _________ _______ ______.
_______ _________ ___ _______ _________ _____ ______ __________.
_________ __________ ______ __________ ___.
_______ ____ ___ _________ ____ ____ ______ _________ ______ _________ _____ _______.
____ ________ _____ ___ ______ ______ ______ _________ _______ _________ ______.
___ ______ _______ ________ _________ _________ _________ ______ ____ ________.
_________ __________ ___ _______ ____ _____ __________ _________ __________ ________ __________ ___.
__________ _________ _________ _________ ___ ______ ____ _________ __________ _________.
__________ ___ ________ _______ ____ _____ __________ ________ _____ _________ _________.
______ ______ _________ _______ ___ __________ ____ _______ ___ ___ ___.
___ ______ ___ _______ _____ __________ _____ _____ ________ _____.
______ _________ _________ _________ __________.
________ ____ ________ _________ _________ _____ ______.
___ ____ ____ ____ ______ ______ _________ _____ ___ ______.
________ _________ ___ ____ ___ __________.
_________ ____ __________ _________ ________ ____ __________ ________ _____.
_______ ______ __________ __________ _________ ______.
___ ________ ____ _________ __________ _________ ___ _____ ___ _____.
________ ________ ____ ___ ____ ______ ____ ___ _____ ___ _______ ____.
__________ _________ ____ ___ ___ _____ _________ __________ ____ _____.
_____ ______ ___ _________ ________ ___.
___ ________ ________ _________ _____ ________ ___.
___ ____ ____ __________ _________ ____.
_______ _______ ______ _________ ______.
__________ _____ _________ _______ __________ _____ ________ _____ ____ ____ _____.
___ ____ ______ _____ _________ _____ _______ ____ _________.
___ __________ ____ ____ _______ ________ ________ __________ _______.
___ _______ ______ _________ ______.
_________ ___ ____ __________ ___ _____ _________.
____ __________ ___ _________ ____ ________ ________ _____ ____ _______.
_________ ________ ____ ___ __________ __________ ___ __________ __________ _______ _________ _____.
_______ ________ _____ ________ ________.
______ ________ _______ _______ _____ __________ ______ ___.
_______ _____ _____ _________ ___ ______ ___ ________.
___ _______ ___ _______ __________ ________ _________ ____ _______ _________ ________.
_______ ________ __________ ________ _________.
___ ______ ________ __________ _________ _____ _______ _____ ______.
________ ___ ________ _________ ____ ____ ________ ____.
_____ ______ __________ _____ ________ _____ ______.
_________ ______ _____ _________ __________ ___ _____ __________ _________ ________.
___ ________ _____ _______ _____ __________ _______ ________ ________ ________.
_________ _________ _________ ________ ____ ______ ____ ____ _____ ________.
_____ _______ _________ _______ _________ _________ ____ ____ ______ __________ ________.
______ __________ ________ _______ _________ ______.
__________ __________ ______ ____ ______.
________ ______ ____ ______ _________.
Get Full Answer on WhatsApp

IGNOU Solved Assignments Assignments Ignou Projects Project Previous Year Solved Exam Papers Notes Notes Sample Question Papers Sample Question Papers

IGNOU NEWS

Assignment Submission Last Date Extended Till 30 June 2026 Click Here★★★IGNOU June 2026 TEE Date Sheet Released Click Here★★★