Self-test on dominant strategies, dominated strategies, and Nash equilibrium

                                    Left           Right
                Up                3,3             4,4
                Down              4,2              3,10
3_3 The dominant strategy equilibrium is
A. Up, Left
B. Down, Right
C. Up, Right
D. None of the above

D. CORRECT. Games often do not have dominant strategy equilibria, and this is an example. Decision theory alone will not work here. Go on to question 3_4.

Return to Self Test 1.

Send comments to Prof. Rasmusen. Last updated: October 30, 1996