Exam (elaborations)
Microeconomics (ECON0013) - Formulas, Definitions and FAQs
- Module
- Institution
What is a strictly dominant strategy? A strategy which always provides a greater payoff when compared to other strategies (cannot provide an equal payoff; that would be weakly dominant). What is a weakly dominant strategy? A strategy which provides a greater than or equal payoff to other strate...
[Show more]