dominant strategy
For any player i, a strategy s*∈Si weakly dominates another strategy s′∈Si if:
∀s-i∈S-i[ui(s*,s-i)≥ui(s′,s-i)] |
(Remember that S-i represents the product of all strategy sets other than i’s)
s* strongly dominates s′ if:
∀s-i∈S-i[ui(s*,s-i)>ui(s′,s-i)] |
Title | dominant strategy |
Canonical name | DominantStrategy |
Date of creation | 2013-03-22 12:51:39 |
Last modified on | 2013-03-22 12:51:39 |
Owner | Henry (455) |
Last modified by | Henry (455) |
Numerical id | 5 |
Author | Henry (455) |
Entry type | Definition |
Classification | msc 91A10 |
Defines | weakly dominant strategy |
Defines | dominates |
Defines | weakly dominates |
Defines | strongly dominates |
Defines | dominant |
Defines | strongly dominant |