CHAPTER THIRTEEN QUESTION POOL Flashcards
1
Q
Which statement is correct?
a) None of the other answers is correct.
b) A Nash equilibrium is always Pareto efficient.
c) A Nash equilibrium is never Pareto efficient.
d) A dominant strategy equilibrium is always Pareto efficient.
A
A
2
Q
Which statement is correct?
a) The Prisoner’s Dilemma has a Nash equilibrium.
b) In every Nash equilibrium at least one player plays a dominant strategy.
c) If every player plays a strategy of a Nash equilibrium, one obtains a dominant strategy
equilibrium.
d) In every game there is a player with a dominant strategy
A
A
