Description
1) Explain what a “dominant strategy” is in game theory.
(2) Using Box 14-1, replace the entry in the first row, second column with (125, -50). Does A have a dominant strategy? Does B? What is the solution to this game?
(3) Why is the medical arms race less a problem today than it once was?
Explanation & Answer
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1. dominant strategy is that dominates all the other strategies .t earns a player a larger payoff than the other.
2. [125 -50 ]
A has a dominant strategy
Solution of the game 125, -50
3. this is due to the development of the new medical race which has been brought up by research and policy.
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