Economics · Game Theory
In Game Theory, identify the correct statement regarding equilibrium concepts:
- 1Nash equilibrium and dominant strategy equilibrium are mutually exclusive
- 2Every Nash equilibrium is necessarily a dominant strategy equilibrium
- 3A dominant strategy equilibrium can never be a Nash equilibrium
- 4A dominant strategy equilibrium is always a Nash equilibrium✓
Correct answer
A dominant strategy equilibrium is always a Nash equilibrium
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